Scandoil  

Providence Resources provides update on Licensing Option 11/9


Published Jan 21, 2014
Providence Resources

Providence Resources provide an update on Licensing Option 11/9 ("LO 11/9" or "Drombeg"). Providence (80%, Operator) and Sosina Exploration (20%) were awarded Drombeg as part of the 2011 Irish Atlantic Margin Licensing Round. The 872 MMBO REC (P50) Lower Cretaceous Drombeg prospect lies in c. 2,500 metre water depth and is c. 3,000 metres below the seabed. The prospect is situated in the southern Porcupine Basin, c. 220 km off West Cork, being c. 70 km from the Dunquin exploration prospect which was drilled during 2013.

Providence has recently been awarded a follow-on Frontier Exploration Licence, (FEL) 2/14, over Drombeg, having made a mandatory 25% areal relinquishment. The principal element of the forward work programme is the acquisition of a 500 km2 3D seismic survey over the prospect, with survey planning having already commenced.

Tags: Providence Resources Plc




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml