Providence gets Kish Bank license extension offshore Ireland

Offshore staff

DUBLIN, Ireland – The Minister of State for the Department of Communications, Climate Action and Environment has granted Providence Resources an extension for standard exploration license (SEL) 2/11 in the Kish Bank basin offshore eastern Ireland.

The company holds and operates the license (100%) which contains the Lower Triassic Sherwood Sandstone Kish prospect, located about 6 km (4 mi) offshore in about 25 m (82 ft) of water.

The sole holder and operator of SEL 2/11 now has until Aug. 17, 2018 to complete the first phase of the license. An overall extension of one year to the license term was also granted, until Aug. 17, 2020.

The extensions should allow for the planning, consent and drilling of an exploration well on the Kish prospect within the first phase of the license, Providence said. The company has also voluntarily relinquished 55.39% of the area under the license considered to be unproductive.

CEO Tony O’Reilly said: “These phase extensions to SEL 2/11 are very welcome as they should allow us to progress the Kish Prospect to drilling, given the lead time in consenting for a near-shore activity. We will now commence work on our foreshore license submission, which will be a precursor to any further work leading up to the drilling of the Kish prospect.”

11/16/2016

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Shell Leverages Data to Transform from Reactive to Predictive Operations

This 6-page report describes how Shell engaged in a massive project with OSIsoft to transform the...

Selection, Use, Care and Maintenance of FR Clothing

For industries operating in an inherently dangerous environment, the importance of selecting the ...

Evolution or Revolution: IT / OT convergence means a world of possibilities

The oil and gas industry is experiencing a rapid paradigm shift in regards to digital transformat...

Predict, Prescribe, Profit: Creating a World that Doesn't Break Down

What are you doing to reduce unplanned downtime at your plant? Equipment breakdowns and process i...