Europa Oil & Gas Secures Extension to North Sea License Term

08:53 AM EDT, 10/28/2026 (MT Newswires) -- Europa Oil & Gas (EOG.L) secured a Deed of Variation from the UK's North Sea Transition Authority extending its DL001 license through Oct. 18, 2032. The British oil and gas company also said Wednesday that the deadline to complete the farm-out agreement between associated company Antler Global and a unit of China-based Fuhai Group New Energy was extended to Nov. 30. Under the deal, Antler Global will farm out a 40% interest in the EG-08 production-sharing contract in offshore Equatorial Guinea to Fuhai. Europa Oil & Gas holds 42.9% of Antler, which will hold a 40% interest in the EG-08 contract and remain as operator on completion of the farm-out agreement. The deal remains subject to outbound direct investment approval by Chinese regulators.