Providence Offered LO 16/27 Offshore Ireland

Providence Resources plc has been offered Licensing Option 16/27 in the Porcupine Basin, offshore Ireland, as part of the second phase of the Atlantic Margin Licensing Round.

The option area is located around 93 miles off the west coast of Ireland and is situated in approximately 4,265 feet of water depth. The Licensing Option lies directly adjacent to, and north of, Frontier Exploration Licence 3/04, which contains the Lower Cretaceous Dunquin North residual oil column.

As part of the conditions for the award of the 2-year option, Providence has agreed to complete the purchase, reprocessing and interpretation of existing 2D seismic reflection data.

“We are delighted to have secured this option over Avalon, which further demonstrates our growing position in the emerging Porcupine Basin Paleocene play,” said John O’Sullivan, technical director of Providence, in a company statement.

“We are particularly encouraged with Avalon given its similarities to the nearby Druid prospect as well as its location adjacent to the Dunquin North residual oil accumulation which demonstrates the presence of an active petroleum system in this area.”



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Farstad Shipping Sells AHTS Lady Sandr... (Sep 27)
 -  Real Energy Prepares for Tamarama-1 We... (Sep 27)
 -  Trelleborg Appoints Unique Group as it... (Sep 27)
 -  Baron Oil, SundaGas Form JV to Explore... (Sep 26)
 -  Aminex Secures Rig to Drill Ntorya-2 W... (Sep 26)


Most Popular Articles

From the Career Center
Jobs that may interest you
Senior GIS Analyst
Expertise: Cartography / Mapping|Geologist|Geoscientist
Location: Houston, TX
 
Project Manager I
Expertise: Corrosion Engineering|Pipe Inspection / NDT|Project Management
Location: San Diego, CA
 
Regional Director, Construction and Line Operations (Amarillo, TX) Job
Expertise: Construction Manager|Operations Management|Risk Management
Location: Amarillo, TX
 
search for more jobs

Brent Crude Oil : $47.35/BBL 3.18%
Light Crude Oil : $45.93/BBL 3.25%
Natural Gas : $2.99/MMBtu 1.01%
Updated in last 24 hours