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Tag "Providence Resources"

Largest ever 3D multi-client seismic survey offshore Ireland to commence shortly

POLARCUS Amani, the ultra-modern, ice-class, 3D seismic vessel arrived in the port of Ringaskiddy recently. Pat Rabbitte TD, Minister for Communications, Energy and Natural Resources welcomed the crew and was given a tour of the high spec seismic vessel. The 92m Polarcus Amani is about to undertake one of the largest ever 3D seismic surveys offshore Ireland, towing a seismic array behind the vessel of approx. 1.4 km width by

West Cork oil boom to be worth billions

OIL exploration company Providence Resources have today revised upwards estimates of how much oil can be extracted from the Barryroe Oil Field off the coast of West Cork.   In its latest assessment, Providence estimates that the field should produce in the region of 280m barrels of oil.

More black gold off of West Cork coast

THE share price of Irish oil exploration company Providence Resources has risen further on the news of another significant oil prospect off of the coast of West Cork. The new discovery is in the Drombeg licence area about 200km south  of Castletownbere.

West Cork set for oil bonanza

OIL exploration company Providence Resources has confirmed that results form the Barryroe test rig some 40 miles off the West Cork coast has returned oil flows of more than 3,500 barrels per day. Analysis also suggests the oil is of high quality and the field could contain up to a billion barrels. The test results were much better than expected and though it is still early days it now looks

West Cork set for oil boom

WEST Cork could soon see it’s own mini oil-boom if the latest findings by oil exploration company Providence Resources prove to be true. The Irish firm, headed by Tony O’Reilly have issued a report on the Barryroe Field in the Celtic Sea which indicates that it could become Ireland’s first commercially viable oil field. So far the company has only drilled test wells to see if there is potential to