Project Profile
Value: US$100 million
Location: Licence No 2/07 in the Celtic Sea, Ireland
Water depth: 70 m
Oil Reserves: 12 million bbl
Start-up Year: 2016
Block IRL50/6 is located in the Celtic Sea Licence 2/07. The discovery well, IRL50/6-1, was drilled by the then Operator, Gulf Oil in 1985/86, and flowed at a rate of approximately 2,100 bopd of high quality (44° API) oil.
Operators:
Providence: Operator with 65.25% interest
Marginal Field Development Company Limited (MFDevCo): 10% interest
Atlantic Petroleum: 16.50% interest
Sosina Exploration: 8.25% interest
Contractor:
Transocean: Drilling contractor using Transocean GSF Artic II semi-submersible drilling rig