Providence Resources PLC (LON:PVR) has confirmed that a 3D seismic exploration programme has been completed, offshore Ireland, over Frontier Exploration Licence 3/04 which includes the untested Dunquin South prospect.
The AIM-quoted, Irish oil and gas explorer owns a 26.84% stake in FEL 3/04 which is operated by Eni (owning 36.9%). Fellow partners also include Repsol (with 33.55%) and Sosina (with 2.68%).
It was part of a multi-client 3D seismic programme, contracted to offshore service provider CGC.
Providence preparing for high impact ‘double D’ well
Earlier this week, on Wednesday, Providence told investors it is expecting the Stena IceMAX deep-water drillship to arrive in Ireland in early July.
Here, Providence is partnered with Total, Cairn Energy and Sosina.
The contracted drillship has now been mobilised, from its base in Las Palmas, Gran Canaria, following receipt of a safety permit.
Drilling of the high impact Druid/Drombeg exploration well, targeting prospects representing some 5bn barrels of oil potential, is due to begin shortly after the rig arrives off the west coast of Ireland.
Providence, however, noted that the start of the programme remains subject to final regulatory consent from Ireland’s Department of Communications, Climate Action and Environment (DCCAE).