Providence signs terms for deepwater well offshore Ireland

Stena DrillMAX drillship
(Courtesy Stena Drilling)

Offshore staff

DUBLIN, IrelandProvidence Resources has contracted the drillship Stena DrillMAX to drill a deepwater well offshore western Ireland next June, subject to regulatory approvals.

The contract provides for one firm well with an option for a second, follow-on well, at a day rate of $185,000.

The vessel will drill the 53/6-A prospect in frontier exploration license (FEL) 2/14 in the southern Porcupine basin, in around 2,250 m (7,382 ft) of water, 220 km (137 mi) offshore southwest Ireland.

FEL 2/14 contains the Palaeocene Druid and Lower Cretaceous Drombeg prospects.

In addition, Providence is working on other key service contracts for the planned drilling operations.

CEO Tony O’Reilly said: “Our previous exploration collaboration project with Schlumberger highlighted the significant hydrocarbon potential of FEL 2/14 which we will now be evaluating...”

11/29/2016

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

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...