Providence Resources commences drilling operations in FEL 2/14, Southern Porcupine Basin
Wednesday, Jul 12, 2017
Photo - see caption

Providence Resources today 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 (56%) on behalf of its partners Capricorn Ireland (a wholly owned subsidiary of Cairn Energy, 30%) and Sosina Exploration (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.

For more information, please visit: http://www.providenceresources.com

For additional information on this project, please visit our ProjectsOGP database

Find out more about European Oil and Gas from NewsBase