More interest in the oil and gas basin off the western coast of Ireland is expected after reserve estimates nearly doubled, Europa Oil & Gas said Tuesday. The company, which currently holds a 100 percent stake in the FEL 3/13 prospect in the Irish waters of the Atlantic Ocean, said data show the reserve estimate at 2.9 billion barrels of oil equivalent, 93 percent more than initially expected. “In FEL 3/13 we are seeing the first fruits of Europa’s major investment in 3D seismic data reprocessing in Atlantic Ireland,” CEO Hugh Mackay said in a statement. Seismic surveys are used to get a better understanding of the potential reserves in a basin. Europa said […]