Providence fails in Barryroe drilling appeal

Offshore staff

DUBLIN, IrelandProvidence Resources has issued an update on its application to the Supreme Court of the United Kingdom.

The company sought permission to appeal the Court of Appeal decision handed down on April 13 concerning prior litigation between Providence and Transocean Drilling U.K.

This arose from the use of the semisubmersible drilling rig Arctic III on the Barryroe oil field offshore southern Ireland during 2011-12.

The Supreme Court has ruled that permission to appeal be refused as the appeal does not raise a point of law of general public importance.

Tony O’Reilly, CEO of Providence Resources, said: “With this final legal matter now decided, litigation between the parties is ended.

“With this matter behind us, we will continue to develop our very significant portfolio of assets offshore Ireland, with a particular focus on the farm-out processes for Barryroe and Spanish Point as well as our preparations for the planned drilling of Druid in 2017.”

11/11/2016

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