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MOU with Causeway Geothermal for West Firsby Field
MOU with Causeway Geothermal for West Firsby Field.
About this update from Europa Oil & Gas (holdings) Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 5390D\n Europa Oil & Gas (Holdings) PLC\n 30 June 2021\n \n \n \n \n Europa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG / Sector: Oil & Gas\n 30 June 2021\n Europa Oil & Gas (Holdings) plc ('Europa' or 'the Company')\n MOU Signed with Causeway Geothermal (NI) Ltd for West Firsby Oil Field\n \n \n \n \n Highlights\n \n \n · \n MOU signed \n with Causeway Geothermal (NI) Ltd \n to carry out studies to assess the potential of West Firsby as a test site for sustainable, clean geothermal energy systems \n \n \n · \n West Firsby regarded as an ideal geothermal energy test site due to comprehensive dataset, existing well bores and \n geothermal gradient\n \n \n \n · \n Potential to \n convert onshore legacy oilfields into sources of \n clean and reliable energy forms part of Europa'sESG strategy \n \n \n \n \n \n Europa Oil & Gas (Holdings) plc, the UK\n , \n Ireland\n and Morocco\n focused \n energy company with production, development, and exploration assets\n , \n is pleased toannounce that\n its wholly owned subsidiary, Europa Oil & Gas Limited,as operator of the \n West Firsby \n oil field, has entered into a Memorandum of Understanding ('MOU') with\n Causeway Geothermal (NI) Ltd (\n '\n CausewayGT\n '\n )\n \n to assess\n \n the potential of the \n \n West Firsby \n oil field \n a\n s\n \n a geothermal \n test \n and commercial deployment \n site\n . \n \n \n \n \n \n The MOU is to utilise existing infrastructure and wells for testing of geothermal solutions at West Firsby with the objective of developing, evaluating and refining elements of CausewayGT's clean, sustainable technology while also assessing the potential delivery of clean, reliable, and cheap sources of heat from West Frisby. The MOU is in line with Europa's objective to participate actively in the national energy transition.\n \n \n \n \n \n West Firsby: excellent potential for geothermal energy \n \n \n testing and future development\n \n \n \n West Firsby is an excellent opportunity to evaluate, test and prove different technical aspects of CausewayGT's geothermal systems. \n Located in the East Midlands, West Firsby\n is \n late in\n its productive life with nine wellbores with seven wellheads. The wellb...