Forming partnershipsSubstantial and credible partners and major industry players are attracted to make inward investment in Island because of our operating credentials; our origins as an Irish company – Ireland is seen as politically non-aligned; our business model and business ethics which facilitate a flow of opportunities sourced and screened by our experienced technical and management team; and our streamlined deal-making capabilities, which enable complex and innovative business deals to be executed and delivered rapidly and efficiently. These creative partnerships facilitate faster progress towards the monetisation of our prospects and assets. Project examples: OMV – Island operates the ultra deepwater Killala licence on the Atlantic Margin. Marathon – Island operated the West Seven Heads 48/23-3 appraisal well.
Lundin Petroleum – Island operates the Slyne licence on the Atlantic Margin and Lundin is a shareholder in Island. Bluewater Group (Supernova subsidiary) – Island operates the South Porcupine licence for one of the world’s largest suppliers of floating production systems; Supernova is a shareholder in Island. Beach Petroleum – Island operates the Durresi licence in offshore Albania Delta Hydrocarbons – Island sold the Amstel asset and retains an overriding royalty in the development of the field European Bank of Reconstruction and Development (‘EBRD’) – Island has executed a mandate letter with EBRD for potentially funding activities in Moldova subject to certain terms and conditions |
