Providence Resources News

 

Stena IceMAX inked for Druid/Drombeg

Nov 24, 2016

Providence Resources has inked a contract for a drilling rig to explore its southern Porcupine Basin license, containing the Druid and Drombeg prospects, starting June next year (2017).  The Frontier Exploration License (FEL) 2/14 is…

Providence moves on after losing court appeal

Nov 09, 2016

Irish independent explorer Providence Resources has lost a Supreme Court application to appeal a decision which meant it was unable to recoup costs from a drilling campaign in 2011/12.  Providence wanted to appeal a UK Court of Appeal…

Providence issues LOI for Druid drilling

Nov 01, 2016

Offshore Ireland explorer Providence Resources has inked a letter of intent for use of a deepwater drilling rig to drill on the deep water Druid prospect in the southern Porcupine Basin in 2017.  The Druid prospect is in Frontier Exploration…

Providence in Irish rig tender

Sep 15, 2016

Providence Resources is putting a tender for a rig contract for the 2017 Druid drilling program in the southern Porcupine Basin in FEL 2/14, off the south west coast of Ireland. It is expected that the rig contract will be signed during Q4 2016 to facilitate summer 2017 drilling…

Providence inks wells services firm for Druid well

Aug 31, 2016

Irish explorer Providence Resources has appointed a well management services contractor for its deepwater Druid well in the Porcupine Basin. The firm also expects to save 30% on drilling costs, thanks to a drop in rates in the last estimate…

Eni gains Porcupine operatorship

Aug 08, 2016

Italian giant Eni has gained operatorship of frontier exploration licence (FEL) 3/04 in the southern Porcupine Basin after supermajor ExxonMobil elected to withdraw from the license, according to partner Providence Resources. Following ExxonMobil’s withdraw…

Luck of the Irish

Jul 27, 2016

The Eirik Raude semisubmersible was used to drill ExxonMobil’s 2013 Dunquin well. With the entry of major operators, could the time finally be ripe for the Irish Offshore? Elaine Maslin reports…

Atlantic Margin acreage winners set out

Jul 12, 2016

The 28 license options awarded in two tranches in Ireland's 2015 Atlantic Margin licensing round have been set out in a newly released map of the acreage.  In the first tranche, announced in February, ExxonMobil, BP, Statoil, and Eni were among the majors awarded license options…

Updated: Ireland awards 14 licenses in 2nd phase

Jun 03, 2016

Fourteen new licensing options have been granted to 11 companies in Ireland’s second phase of the 2015 Atlantic Margin Licensing Round, which has received the largest response in Ireland’s offshore history.   Of the 11 companies…

Porcupine results "change game" offshore Ireland

Apr 22, 2016

Significant hydrocarbon potential has been outlined in the south Porcupine offshore Ireland, according to initial results of a collaboration project between operator Providence Resources and oilfield services firm Schlumberger. Two firms…

Providence looks to drilling alliance to help appraise Barryroe

Feb 18, 2016

Irish independent Providence Resources is eying a potential risk sharing alliance with a drilling firm and contractors to help it move forward on its Barryroe oil field offshore Ireland.  Providence, 80% owner and operator of the Barryroe field…

Providence eyes Newgrange 3D seismic

Jan 22, 2016

Irish oil explorer Providence Resources has agreed to a license deal with seismic firm Searcher Seismic covering its Newgrange prospect in the southern Porcupine basin.  Searcher had already announced a major new multi-client 3D seismic program…

Providence to take North Celtic Sea stake

Dec 03, 2015

Providence Resources has agreed an option with Petronas subsidiary PSE Kinsale Energy to take a stake in the southern portion of Offshore Petroleum Lease 1 (OPL 1) adjacent to the Barryroe oil field in the North Celtic Sea Basin.   Under the terms of the option…

2017 Spanish Point spud planned

Oct 27, 2015

Drilling on the Spanish Point area offshore Ireland is now scheduled for 2017, according to partner Providence Resources, which is now looking to farm-out some of its 58% interest in the license.   Spanish Point, in Frontier License 2/04 and 4/08…

Providence inks Schlumberger collaboration agreement

Sep 21, 2015

Ireland-based explorer Providence Resources has signed a strategic and incentivised exploration collaboration agreement with Schlumberger in respect of the southern Porcupine and Goban Spur Basins, in which Schlumberger will underpin Providence’s…

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