Providence acquires Triangle GoM assets

Providence Resources has completed the $67.5 million acquisition of Gulf of Mexico assets from Triangle Oil and Gas.

Offshore Staff

LONDON -- Providence Resources has completed the $67.5 million acquisition of Gulf of Mexico assets from Triangle Oil and Gas.

Triangle's portfolio of assets comprises interests in eight producing fields and two development assets. According to the Providence Resources, the area also contains a substantial number of exploration opportunities. The assets have a current net production of around 6 MMcf/d of gas and 300 b/d of oil (1,300 boe/d).

06/09/2008

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