Providence Reevaluates Heavy Oil Potential Offshore Ireland

Celtic Sea Basin
(Click to Enlarge)

Providence completed a technical assessment of the heavy oil potential underlying the Ardmore gas field, which was discovered by Marathon Oil in 1974, and comprises a gas cap with an underlying heavy oil (c. 16o API) accumulation. Recently completed work revealed the presence of a significant heavy oil resource at the nearby Baltimore discovery, prompting a re-evaluation of the resource potential within the Ardmore oil leg. Providence reevaluated a 2006 3D seismic survey, which suggests an in place resource potential of up to c. 230 MMbo on the Lower Cretaceous aged Ardmore field. Providence will now seek a heavy oil specialist to assess the discovery for potential future development. The Ardmore field is located in Standard Exploration License (SEL) 2/07 in the North Celtic Sea Basin and is located about 37 miles (60 kilometers) off the south coast of Ireland in 295 feet (90 meters) of water. Providence holds a 72.5% operated interest in SEL 2/07 with partners Atlantic Petroleum (18.3%) and Sosina Exploration (9.2%).

continue reading the full article


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Process Operator (Intern Conversion) -Norco, LA
Expertise: Process Engineer|Process Technician
Location: Norco, LA
PEI Specialist - Deer Park, TX
Expertise: Chemical Engineering|Civil Engineering|Mechanical Engineering
Location: Deer Park, TX
United States Houston: R&D Cementing Engineer - Petrophysical Applications
Expertise: Chemical Engineering|Mechanical Engineering|Petroleum Engineering
Location: Houston, TX
search for more jobs

Brent Crude Oil : $48.6/BBL 1.12%
Light Crude Oil : $46.34/BBL 1.24%
Natural Gas : $2.9/MMBtu 2.35%
Updated in last 24 hours