Total completes offshore Ireland farm-in

Image source: Providence Resources

France’s Total has farmed into an offshore block sitting in Ireland’s Porcupine Basin, some 220 kilometers off the southwest coast of Ireland.

Irish oil and gas Providence said on Friday that the previously proposed farm-in had been completed, following a recent approval from the Minister of State at the Department of Communications, Climate Action and Environment.

Total has taken 35 percent stake and operatorship over FEL 2/14 license. The license contains the undrilled Diablo prospect as well as the drilled Druid & Drombeg prospects.

The equity in FEL 2/14 is now Total with 35%, Capricorn with 30%, Providence Resources P.l.c. with 28% and Sosina Exploration Limited with 7%.

During 2017 Providence focused on the planning, consenting and drilling of the 53/6-1 Druid/Drombeg exploration well. The Stena Drilling-owned drillship Stena IceMAX was used for the operations. However, the results were a disappointment for Providence as no hydrocarbons were found on those prospects.

In a recent presentation, Providence said that it was working on the post well analysis regarding the drilling operations completed last year in the block. The company said it would then wait and see what happens with the Iolar exploration well being drilled on adjacent block by CNOOC.

Related:

Share this article

Follow Offshore Energy Today

Events>

<< Jun 2019 >>
MTWTFSS
27 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

Uganda International Oil and Gas Summit 2019

Uganda International Oil & Gas Summit will once again examine the industry’s developments…

read more >

Nigeria Oil & Gas Conference & Exhibition 2019

The annual meeting once again proved to be a great success, gathering over 700 industry professionals…

read more >

08th OIL & GAS AFRICA 2019 CONFERENCE

OIL & GAS AFRICA is one of the most prime regional & international Oil and Gas conferences in East Africa…

read more >

Gas Indonesia Summit 2019

Gas Indonesia Summit & Exhibition is returning for the fourth edition in Jakarta…

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

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