Providence Wins East Irish Sea Blocks

Providence Resources P.l.c., the oil and gas exploration and development company whose shares are listed in London (AIM) and Dublin (IEX), said that it has been awarded part-blocks 110/9b (Split) and 110/14b (Split) in the Morecambe Bay area of the East Irish Sea, under the United Kingdom's 24th Seaward Licensing Round.

These part-blocks adjoin Providence's existing license interest (License P.099 covering blocks 110/14d and 110/14c), which contains the West Lennox and Crosby prospects. Under the terms of the award, Providence will take a 25% stake in a consortium comprising Challenger Minerals, Inc., First Oil Expro, Dyas Ltd and Atlantic Petroleum. These companies are also involved in License P.099.

Commenting on the announcement, Tony O'Reilly Jr,, Chief Executive of Providence, said:

"We are particularly delighted to have been awarded these part-block interests, further consolidating our acreage position in the East Irish Sea. In addition to the prospects of License P.099, we have identified potential leads in the new acreage. Working with our partners, we will now look to establish the development potential of existing discoveries as well as new prospects in this prolific hydrocarbon region."

Related Companies
For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
United States Houston: Account Rep, Bus Dev, Sr
Expertise: Business Development|Sales
Location: Houston, TX
Business Development Manager
Expertise: Business Development|Construction Manager|Sales
Location: Tempe, AZ
SXL- Manager, Business Development
Expertise: Business Development
Location: Newtown Square, PA
search for more jobs

Brent Crude Oil : $49.98/BBL 1.59%
Light Crude Oil : $49.18/BBL 1.56%
Natural Gas : $2.73/MMBtu 1.44%
Updated in last 24 hours