Providence makes GoM discovery

Offshore staff

DUBLIN, Ireland -- Providence Resources and partners have made a gas discovery on Galveston Island block A-155 in the Gulf of Mexico.

Initial evaluation suggests that the well results have exceeded the expected pre-drill estimate of 13 bcf of recoverable reserves, according to Providence.

First production from the field is being fast-tracked via nearby existing infrastructure. Third-party access has been secured.

04/07/2008