Gulf Oil and Gas accountACCOUNT

Providence Provides Update on FEL 6/14 - Site Survey Completed

Source: www.gulfoilandgas.com 7/11/2018, Location: Europe

Providence Resources P.l.c., the Irish based Oil & Gas Exploration Company, provides an update on Frontier Exploration Licence (“FEL”) 6/14 that contains the Newgrange Prospect. FEL 6/14 is operated by Providence Resources P.l.c., on behalf of its partner Sosina Exploration Limited (20%), collectively referred to as the Newgrange Partners, and is situated in c. 1,000 m water depth being c. 260 km off the south-west coast of Ireland.

The Newgrange Partners can confirm that Gardline’s M/V Kommandor site survey vessel has commenced demobilisation following the acquisition of data suitable for input to an application for the permitting of a Newgrange exploration well. Initial analysis of the seabed data over the proposed Newgrange well location has confirmed the presence of more than 100 seabed pockmark features. There are a number of reasons why seabed pockmark features are present and these seabed pockmark features are interpreted by the Newgrange Partners to be the result of fluid seepage from the underlying geology. The Newgrange Partners can also confirm that discussions in relation to a potential farm-out of equity in the Newgrange licence to third parties are continuing.

Speaking today, Dr John O’Sullivan, Technical Director of Providence said,
“We are pleased to confirm the safe and successful completion of Newgrange site survey operations. The initial results support the potential presence of a working petroleum system in the Newgrange prospect area. We are especially pleased with the results as we had hoped to see some evidence of fluid seepage given the shallow nature of the Newgrange prospect. We are also continuing to liaise with interested potential co-venture partners and these new data will no doubt provide further momentum to those discussions.”

Exploration News in Ireland >>

South Africa >>  2/8/2019 - Tower Resources plc, the AIM listed oil and gas company with its focus on Africa, notes the announcement dated 7 February 2019 from Total S.A. ("Total...
South Africa >>  2/7/2019 - Total has made a significant gas condensate discovery on the Brulpadda prospects, located on Block 11B/12B in the Outeniqua Basin, 175 kilometers off ...

South Africa >>  2/7/2019 - French oil and gas major Total’s South African offshore discovery could contain 1 billion barrels of total resources and is “probably quite big”, Chie...
Iraq >>  2/4/2019 - Genel Energy plc has announced an update on activity at the Taq Taq Field (Genel 44% working interest). Testing of the TT-32 well has now completed. T...

Italy >>  2/4/2019 - ADX Energy has advised that the Italian Senate has passed a Bill to suspend exploration activities in permits that have been approved or are in the pr...
Norway >>  2/4/2019 - Aker BP is currently drilling exploration well 24/9-14 on the Froskel?r Main prospect. The well has encountered oil and gas. Preliminary analysis indi...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Ireland Oil & Gas 1 >>  2 |

More News

Related Links

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