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Providence and Star Energy awarded licensing option in the Kish Bank Basin


Published Aug 18, 2008
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PROVIDENCE

Providence Resources P.l.c., (Providence) the Irish oil and gas production and development company, whose shares are listed in London (AIM) and Dublin (IEX), says that Providence and Star Energy Group plc (Star Energy) have been offered a three year Licensing Option over eight blocks in the Kish Bank Basin by the Irish Government Department of Energy, Communications & Natural Resources.

Providence will act as Operator on behalf of the partnership.

Providence and Star Energy, (a subsidiary of Petronas, the Malaysian National Oil Company) have a 50/50 joint venture for gas storage initiatives offshore Ireland.

Tags: Providence Resources Plc, Star Energy Group



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