Providence receives provisional extension for license offshore western Ireland

Ireland’s Minister of State for the Department of Communications, Climate Action and Environment has authorized a second phase of Providence Resources’ frontier exploration license 2/14.

Offshore staff

LONDON – Ireland’s Minister of State for the Department of Communications, Climate Action and Environment has authorized a second phase of Providence Resources’ frontier exploration license (FEL) 2/14, 220 km (137 mi) off the country’s southwest coast.

The license, in around 2,250 m (7,382 ft) water depth in the southern Porcupine basin, includes thePalaeocene Druid and the Lower Cretaceous Drombeg exploration prospects.

The minister’s approval remains subject to completion of the agreed work program which includes drilling of the 53/6-A exploration well on the Druid prospect and the subsequent integration of the well data into a comprehensive assessment of the license’s petroleum potential.

Last November, Providence contracted thedrillshipStena IceMAX to drill the well, with an option for a follow-up well.

Subject to standard regulatory approvals and consents, the 53/6-A well will spud in June.

01/23/2017

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