Lansdowne Oil & Gas is an E&P company with licences in the North Celtic Sea Basin, offshore the southern coast of Ireland. Its assets include a 20% stake in the Barryroe oil discovery and 100% of a number of further drill-ready prospects.
Settlement agreed; progress on Barryroe farm-out
In May 2012 Transocean sued Providence for $19m regarding the use of the semi-sub unit used to drill a well on Barryroe. The December 2014 verdict found that RIG was in breach of contract, and left it to the parties to negotiate a settlement.