Providence Resources has provided an operational update in relation to Standard Exploration Licence (SEL)
1/11 which contains the Barryroe oil accumulation. SEL 1/11 is operated by EXOLA DAC, a wholly-owned Providence subsidiary, on behalf of its partners, APEC Energy Enterprises Limited (APEC) and Lansdowne Celtic Sea Ltd, collectively referred to as the
'Barryroe Partners'.The area lies in approximately 100 m water depth in the North Celtic Sea Basin and is located approximately 50 km
off the south coast of Ireland.
The Barryroe Partners can now confirm that they have received permission from the Minister of State at the
Department of Communications, Climate Action and Environment to undertake a seabed debris clearance,
environmental baseline and habitat assessment site survey (the 'site survey') over the area of the Barryroe field
within SEL 1/11. Pursuant to the terms of the Updated Farm-out Agreement with APEC (as amended), and subject
to the receipt of funding from APEC or alternative financing arrangements being put in place, the site survey is
expected to commence later this month.
Read the article online at: https://www.oilfieldtechnology.com/exploration/09082019/providence-resources-awarded-site-survey-permit-offshore-ireland/
Serica Energy has announced the completion of the acquisition by its wholly owned subsidiary, Serica Energy (UK) Limited, of 30% non-operated interests in the P2498 and P2170 licences (together the Greater Buchan Area (‘GBA’)) from Jersey Oil & Gas (‘JOG’).
Wood Mackenzie takes a look at the past year in the Asia Pacific region’s upstream sector. The rest of the issue is packed full with fascinating technical editorial from the likes of AES Drilling Fluids, TETRA Technologies, NOV, and Viper Innovations.