Source: Providence Resources
Providence Resources (LON:PVR) has, on behalf of itself and its partners, signed a contract with Polarcus Limited (OAX: PLCS) for a 3D seismic acquisition project in the Celtic Sea, offshore Ireland.
The survey, which will commence in June and is expected to run for approximately 15 days, forms part of the planned pre-development drilling program on the Barryroe oil discovery in the North Celtic Sea, offshore Ireland.
This new 3D seismic survey, which is to be acquired using a vessel supplied by Polarcus Limited, will be used to plan a pre-development drilling programme designed to progress Barryroe to first oil. The partners believe that modern 3D seismic data, in tandem with horizontal artificially lifted well completions in the current high oil price environment, will be key components to unlocking value at Barryroe.
Providence operates Barryroe (50%) with partners San Leon Energy (30%) and Lansdowne Oil & Gas (20%).