The deal, which is a fillip to the Irish offshore sector beset by problems at the Corrib and Seven Heads gas fields, covers the 700 square kilometre Dunquin prospect in the Porcupine basin off Ireland's west coast.
Dunquin lies in 1500 metres of water about 150 kilometres offshore and has an estimated recoverable resource potential of 12 trillion cubic feet of gas and as much as 1.8
