Press

Providence Resources Completes Newgrange Site Survey

Posted by OilVoice Press - OilVoice

11-Jul-2018


  • DEMOBILISATION OF GARDLINE'S M/V KOMMANDOR HAS COMMENCED

  • LARGE NUMBERS OF SEABED POCKMARKS IMAGED ON SITE SURVEY DATA

  • DISCUSSIONS WITH POTENTIAL THIRD PARTY FARMINEES CONTINUE

    Dublin and London – July 11, 2018 - Providence Resources P.l.c. (PVR LN, PRP ID), the Irish based Oil & Gas Exploration Company, today provides an update on Frontier Exploration Licence (“FEL”) 6/14 that contains theNewgrange Prospect. FEL 6/14 is operated by Providence Resources P.l.c., on behalf of its partner Sosina Exploration Limited (20%), collectively referred to as the Newgrange Partners, and is situated in c. 1,000 m water depth being c. 260 km off the south-west coast of Ireland.

    The Newgrange Partners can confirm that Gardline's M/V Kommandor site survey vessel has commenced demobilisation following the acquisition of data suitable for input to an application for the permitting of a Newgrange exploration well. Initial analysis of the seabed data over the proposed Newgrange well location has confirmed the presence of more than 100 seabed pockmark features. There are a number of reasons why seabed pockmark features are present and these seabed pockmark features are interpreted by the Newgrange Partners to be the result of fluid seepage from the underlying geology. The Newgrange Partners can also confirm that discussions in relation to a potential farm-out of equity in the Newgrange licence to third parties are continuing.

    Speaking today, Dr John O'Sullivan, Technical Director of Providence said,

    “We are pleased to confirm the safe and successful completion of Newgrange site survey operations. The initial results support the potential presence of a working petroleum system in the Newgrange prospect area. We are especially pleased with the results as we had hoped to see some evidence of fluid seepage given the shallow nature of the Newgrange prospect. We are also continuing to liaise with interested potential co-venture partners and these new data will no doubt provide further momentum to those discussions.”

Providence ResourcesNewgrangeSite SurveyexplorationIrelandOffshore

More items from oilvoice


Lundin Petroleum: Successful Appraisal Well and Extended Production Test on Alta

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has successfully completed the Alta appraisal well 7220/11-5 and extended production test in PL609 in the southern Barents Sea. Highlights: Results were better than ...

OilVoice Press - OilVoice


Posted 1 hour agoPress > Lundin Petroleumappraisal wellwell +7

Gazprom and OMV Discuss Gas Supplies, Nord Stream 2, and Cultural Cooperation

A working meeting between  Alexey Miller , Chairman of the Gazprom Management Committee, and Rainer Seele, Chairman of the Executive Board of OMV, took place today in St. Petersburg. Alexey Miller (second left) Enlarged photo (JPG, 953.8 KB) The parties discussed strategic cooperation ...

OilVoice Press - OilVoice


Posted 2 hours agoPress > OMVGazpromRussia +4

Petrel Resources - Interim Statement For 6 Months Ended 30 June 2018

Petrel Resources plc (AIM: PET) today announces financial results for the six months ended 30 th  June 2018. Petrel's main focus in the period under review was on the Irish Atlantic Porcupine Basin: Frontier Exploration Licence (FEL) 11/18: Petrel's Joint Venture with Woodside Energy is now fo ...

OilVoice Press - OilVoice


Posted 2 hours agoPress > ResultsEarningsAIM +4

Finalists from Over 35 Countries Compete for 2018 S&P Global Platts Global Energy Awards

This Year's Finalists Predominantly Hail from the U.S., U.K. and India 14 Finalists in Emerging Technology from 10 Different Countries - Winners to be Announced December 6 in New York City at Black-Tie Event - NEW YORK (September 24, 2018) – Energy companies from 37 countries have been selec ...

OilVoice Press - OilVoice


Posted 2 hours agoPress > S&P Global PlattsEnergyUnited States +2

Total: 2018 Strategy and Outlook Presentation

New York, September 25, 2018 - Patrick Pouyanné, Chairman and CEO, and Patrick de La Chevardière, CFO, will today present Total's Strategy & Outlook to the financial community in New York.  The presentation slides and webcast are available on total.com. Key messages of the presentation include: ...

OilVoice Press - OilVoice


Posted 4 hours agoPress > TotalStrategyOutlook +1
All posts from oilvoice