Minister sues San Leon Energy for €7.5m over gas field decommissioning costs

📆 11/13/2023 1:52 PM
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Minister,San Leon Energy,Gas Field

The Minister for Environment, Climate and Communications is seeking judgment for €7.5 million against a company that guaranteed to pay the costs of decommissioning the Seven Heads Gas Field in the Celtic Sea, off the Cork coast. The Minister is suing San Leon Energy plc, with a registered address in Ballsbridge, Dublin, which acquired the share capital of the original guarantor, Island Oil and Gas Limited, following a survival scheme for Island in 2014. San Leon, the Minister says, undertook to take over as guarantor for monies that were due for decommissioning once commercial production ceased at the gas field. On Monday, Mr Justice Denis McDonald admitted proceedings, on the application of the Minister, against San Leon over default on payments for decommissioning.

The Minister for Environment, Climate and Communications is seeking judgment for €7.5 million against San Leon Energy plc, the company that guaranteed to pay the costs of decommissioning the Seven Heads Gas Field.

San Leon, which acquired the share capital of the original guarantor, Island Oil and Gas Limited, is being sued for default on payments for decommissioning.

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