Project Profile
Location: North and west of Barryroe, Ireland
Area: 190 sq miles
Start-up Year: -
Licensing Option 12/4 is located to the north and west of Barryroe and covers an area of around 190 square miles. The option has a two-year term, after which it may be converted into a standard exploration license that would involve the commitment to drill a well. Providence operates the option, on behalf of Lansdowne, with the main elements of the proposed work program involving the assessment of the Barryroe Basal Wealden sand play across the option area.
Operators:
Exola Ltd. (subsidiary of Providence Resources): Operator with 80% interest
Lansdowne: 20% interest
Contractors:
Schlumberger: Contract to further de-risk its assets off Ireland’s southwest coast. Providence signed a technical deal covering its interests in the Southern Porcupine and Gorban Spur Basins. Schlumberger will assist Providence’s technical team, facilitating the opening of data-room processes as it prepares to pursue a farm-out at its Drombeg, Druid and Newgrange prospects in the first quarter of 2016.