COSL Innovator to drill Barryroe
The COSL Innovator rig has been booked for a drilling campaign on the Barryroe field off Ireland.
Providence
‘Frustrated’ Providence delays Barryroe survey after legal challenge
Providence Resources has decided to hand in a fresh application for surveys on the site of the Barryroe field following a legal challenge.
Providence Resources kicks off drilling offshore Ireland
Providence Resources has kicked-off drilling operations offshore Ireland after getting confirming Ministerial consent.
Irish Government approves further development of frontier licence
The Irish government has approved future plans for the extension of a frontier licence development in the Southern Porcupine basin.
Irish explorers aim for 3D survey of Porcupine basin prospects
Irish based exploration firm Providence Resources is to undertake 3D seismic ahead of a possible wildcat well in the southern Porcupine basin.
Court ruling in Transocean case
A long-standing legal battle between Transocean and Providence Resources was resolved in a final court ruling.
Providence Resources suspends shares after Transocean settlement
Transocean will receive a payout from Providence Resources estimated to be worth around $7million after a Court of Appeal ruling.
Providence Resources to sell Spanish Point stake
Providence Resources said it has begun a farm-out process to divest as much as 32% of its share in a licence off the west coast of Ireland. The company said the move was in relation to its Spanish Point licence in the north Porcupine basin. It includes Frontier Exploration Licence (FEL) 2/04 and 4/08 in which Providence holds a 58% equity interest and which are operated by Capricorn Ireland Limited.
Providence Resources wins court case made against it by Transocean UK
Oil and gas explorer Providence Resources has won a case related to claims made against it by firm Transocean Drilling UK. A ruling was made in its favour at the commercial court in London. The case related to costs made by Transocean against Providence regarding the use of the Arctic III mid-water semi-submersible rig in 2011 and 2012 on its Barryroe oilfield offshore Ireland.