Providence Resources Plans New 3D Seismic Data Over FEL 3/04 License
April 03 2017 - 4:29AM
Dow Jones News
LONDON--Providence Resources PLC (PZQA.DB), an Irish based oil
and gas exploration company, said Monday the joint venture partners
have agreed to underwrite and license 1,800 km(2) of new
multi-client 3D seismic data over frontier exploration license
3/04, located in the southern Porcupine Basin.
Providence added that mobilization of CGG Oceanic Caspian, which
will conduct this data acquisition program, is expected to start
imminently.
The main objective of this new 3D seismic survey is to
understand the hydrocarbon potential of the undrilled Lower
Cretaceous Dunquin South carbonate exploration prospect, Providence
said.
The license is operated by Eni Ireland BV (36.913%) on behalf of
its partners Repsol Exploracion Irlanda SA (33.557%), Providence
Resources (26.846%) and Sosina Exploration Ltd. (2.684%).
-Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
(END) Dow Jones Newswires
April 03, 2017 04:14 ET (08:14 GMT)
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