Providence Doubles Production Rates at Vermillion 60
Providence Resources has increased production levels at its' Vermillion 60 ('VR 60') field, in which it holds a 50% working interest.
Following re-completion activities carried out in May, the new production zone is currently flowing at c. 10 MMSCFGD gross (600
BOEPD* net to Providence), or double the previously reported figure.
* Providence holds a 50% non-operated working interest with a 36.667% net revenue interest in the field
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- Newgrange Prospect Could Hold 13.6 Tcf of Gas (Jul 12)
- Providence Offered LO 16/27 Offshore Ireland (Jun 23)