Celtic Sea well start imminent

Providence expects to start pre-development drilling on the Barryroe oil discovery in Ireland’s Celtic Sea basin next month, using the semisubmersible drilling rig GSF Arctic III.

Offshore staff

DUBLIN, Ireland – Providence expects to start pre-development drilling on the Barryroe oil discovery in Ireland’s Celtic Sea basin next month, using the semisubmersible drilling rig GSF Arctic III.

Providence will operate the 48/24-J appraisal well, the fifth on the field. Main objectives are to compile data including core/image logs, establish reservoir extent/connectivity, geo-mechanical data, fluid samples and flow rates - all of which will be incorporated in field development planning.

Elsewhere off south/west Ireland, Providence says processing has started of the 220-sq km (85-sq mi) Galleon seismic survey acquired in July over acreage adjacent to the Spanish Point license.

Providence also operates the Standard Exploration Licence (SEL) 1/07 in the St George’s Channel basin. The license contains the mapped extension of the Marathon’s 1994 Dragon gas discovery offshore western Wales, as well as the deeper Orpheus and Pegasus exploration prospects.

Providence has applied for a license on the UK side of the Dragon field, and is making preparations to drilling an appraisal well in 2012.

The deeper Orpheus prospect, with estimated prospective resources of around 290 bcf, would likely be drilled as part of any appraisal program for Dragon.

09/28/2011

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