Providence Resources gets seabed survey permission for Barryroe

Ireland-based oil and gas company Providence Resources updated the market on operations at Standard Exploration Licence 1/11, which contains the Barryroe oil accumulation.

The AIM-traded firm explained that SEL 1/11 is operated by its wholly-owned subsidiary EXOLA DAC at 40%, on behalf of partners APEC Energy Enterprises and Lansdowne Celtic Sea.

It said the area lay in around 100 metre-deep water in the North Celtic Sea Basin, about 50 kilometres off the south coast of Ireland.

“The Barryroe Partners can now confirm that they have received permission from the Minister of State at the Department of Communications, Climate Action and Environment to undertake a seabed debris clearance, environmental baseline and habitat assessment site survey over the area of the Barryroe field within SEL 1/11,” the Providence board said in its statement.

“Pursuant to the terms of the updated farm-out agreement with APEC, and subject to the receipt of funding from APEC or alternative financing arrangements being put in place, the site survey is expected to commence later this month.”