Providence gets extension, ditches part of Irish offshore license

Providence Resources, an Irish-based oil and gas explorer, has received an extension for its Kish Bank Basin license, offshore Dublin.

According to Providence, the Minister of State for the Department of Communications, Climate Action and Environment has given his consent to extend the first phase of the Standard Exploration Licence 2/11 by two years until August 17, 2018, and an overall extension of one year to the license term until 17th August 2020.

Providence holds and operates the Licence (100%) which contains the Lower Triassic Sherwood Sandstone Kish Prospect that is situated in 25-meter water depth and is some six kilometers offshore.

The extensions should allow for the planning, consent and drilling of an exploration well on the Kish Prospect within the first phase of the license, Providence explained on Wednesday.

The company has also voluntarily relinquished 55.39% of the area under the license considered to be unproductive.

Tony O’Reilly, Chief Executive of the Company said: “These phase extensions to SEL 2/11 are very welcome as they should allow us to progress the Kish Prospect to drilling given the lead time in consenting for a near shore activity. We will now commence work on our foreshore license submission, which will be a precursor to any further work leading up to the drilling of the Kish Prospect.”

Elsewhere in Ireland, Antrim Energy has today announced it will sell its Irish subsidiary to AzEire, making a step towards the dissolution of the corporation, earlier approved by its shareholders.

Share this article

Follow Offshore Energy Today

Events>

<< Nov 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply