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/
The machine learning models that have been developed can assist geologists and geophysicists in reconstructing missing well logs, making lithology predictions, calculating shale content, and mapping potential undiscovered reservoir areas.
The Summer Issue of Oilfield Technology is out now!
This issue features a regional report from Wood Mackenzie, which delves into Europe’s upstream oil and gas sector, and considers how the industry will navigate the energy transition in the near future. Following this, our cover sponsor, Vink Chemicals, discusses natural gas H2S mitigation technologies and considers the benefits of alternative scavengers.