Providence Sets Sights on Kish Bank Basin



Previous exploratory drilling in the Kish Bank Basin, offshore eastern Ireland, confirmed the potential for oil in a number of wells. Recently, a review of previously acquired 2D seismic data revealed there is a large un-drilled structural closure at the Lower Triassic level, which is known as the Dalkey Island exploration prospect. It is estimated the prospect contains c.870 million barrels of oil in place but significant risks are associated with this prospect. Its shallow water location and close proximity to shore is of key interest to the partners who are focusing on a work program to better understand and mitigate the risks. Providence holds an operated 50% equity interest in the License Option 08/2, together with partner Star Energy, a subsidiary of Petronas.

continue reading about the Dalkey Island prospect on SubseaIQ

continue reading the full article

SubseaIQ provides focused, in-depth coverage of offshore field development activities around the world, with daily updates on hundreds of offshore fields and facilities. Click here to sign up for the free weekly email newsletter.
RELATED COMPANIES