Gulf Oil and Gas accountACCOUNT

Providence Resources Commences Drilling Operations in FEL 2/14

Source: www.gulfoilandgas.com 7/12/2017, Location: Europe

Share |
Providence Resources P.l.c., the Irish based Oil and Gas Exploration Company, provides an operational update regarding Frontier Exploration Licence (FEL) 2/14 located in the southern Porcupine Basin. FEL 2/14 is operated by Providence Resources plc (56%) on behalf of its partners Capricorn Ireland Limited (a wholly owned subsidiary of Cairn Energy PLC, 30%) and Sosina Exploration Limited (14%), collectively referred to as the “JV Partners”. The licence contains the Paleocene “Druid”, Lower Cretaceous “Drombeg” and pre-Cretaceous “Diablo” prospects.

The JV Partners have contracted the Stena “IceMAX” deep-water drillship to drill the 53/6-A well in FEL 2/14 to evaluate the vertically stacked Paleocene Druid and Lower Cretaceous Drombeg exploration prospects. Following consent from the Minister of Communications, Climate Action and Environment on July 11, 2017, Providence can confirm that drilling operations on the 53/6-A well programme have commenced.

A further operational update will be provided once the Paleocene Druid prospect has been penetrated or as appropriate. Drilling is then planned to continue to the underlying Lower Cretaceous Drombeg prospect.

Rigs, Coring & Exploration >>

Rigs, Coring & Exploration News in Ireland >>

Norway >>  11/16/2017 - Preliminary data for September showed that total European stocks fell by 11.8 mb reversing the build of last two months. At 1,133 mb, European stocks ...
Norway >>  11/16/2017 - Kvaerner has been awarded a contract with Repsol Norge AS for the construction of a permanent caisson support structure for the Yme New Development pr...

Austria >>  11/15/2017 - US product markets received very strong support in the previous months on the back of significantly higher US gasoline demand. However, with the end o...
Austria >>  11/14/2017 - OPEC crude for 2018 was also revised up by 0.4 mb/d from the previous report to stand at 33.4 mb/d, around 0.5 mb/d higher than the 2017 level.


Austria >>  11/8/2017 - Open interest (OI) increased in September for selected US commodity futures markets such as precious metals and crude oil, while it declined for natur...
Norway >>  11/7/2017 - The Norwegian Government has stated that a Carbon Capture and Storage (CCS) demonstration project shall stimulate necessary development of CCS so that...

Related Categories: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 

Related Articles: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 


Ireland Oil & Gas 1 >>  2 |

More News

 

Oil & Gas Companies in Ireland >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.