Barryroe drill now set for late 2019

Barryroe drill now set for late 2019
the rig at Barryroe oil field. Picture: Finbarr O'Rourke

Providence Resources now plans to begin its much-anticipated multi-well drilling programme at the Barryroe oil and gas field, off the Cork coast, in the third quarter of next year.

The Tony O'Reilly Jr-led exploration company had planned to begin drilling at its flagship asset in the second quarter.

However, it last month relinquished a site survey permit after environmental agency An Taisce brought legal proceedings against the Government, challenging the legality of its granting of the permit.

An Taisce's court challenge has been adjourned to January 15 and Providence - via its Exola subsidiary - will apply for a new site survey permit "as early as practicable" in 2019.

Providence landed a long-awaited development partner for Barryroe - in the form of a Chinese consortium led by Beijing-based investment company APEC Energy - in March.

Providence's chief executive Tony O'Reilly Jr said next year's planned work will act as a roadmap towards bringing Barryroe to delivery stage.

He also said Barryroe's development is important for Ireland's energy supply future.

The future development of Barryroe will, in tandem with existing production from Corrib, further facilitate national energy independence at a time of growing geopolitical risk within global energy markets.

"Importantly, the development of Barryroe will also reduce Ireland's impact on global carbon emissions, through reduced importation of hydrocarbons," he said.

Providence also updated on two other assets. It said talks with potential development partners for its highly-rated Newgrange prospect, off the south-west coast, are continuing and could facilitate a drilling round taking place in 2020.

It also said it is preparing for a 2019 site survey at the Dunquin South prospect, which is required for any future drilling activity.

That prospect lies close to the failed Dunquin North prospect which was drilled in 2013.

"We have the portfolio, partners, people and financial resources in place to advance our portfolio through exploration and appraisal drilling...and to progress energy independence for Ireland," said Mr O'Reilly.

More on this topic

Gardaí in Cork renew appeal for witnesses to serious assault on Patrick StGardaí in Cork renew appeal for witnesses to serious assault on Patrick St

Blow for Cork traders as Douglas Shopping Centre to remain closed until next summerBlow for Cork traders as Douglas Shopping Centre to remain closed until next summer

Man arrested after garda car rammed during high-speed pursuit of burglars in CorkMan arrested after garda car rammed during high-speed pursuit of burglars in Cork

Gardaí appeal for information after two assaults last night in CorkGardaí appeal for information after two assaults last night in Cork

More in this Section

Sisters of mercy reimagine music app conceptSisters of mercy reimagine music app concept

Giving the banks a run for their moneyGiving the banks a run for their money

 Irish firm cleans up from bin chaos Irish firm cleans up from bin chaos

Brexit is only the start of Ireland's problemsBrexit is only the start of Ireland's problems


Lifestyle

The Regal Cinema in Youghal, Co Cork, first opened its doors in 1936. Director John Huston used it as a base to review footage while filming Moby Dick in the town.We Show Films: ‘I once found a full rotisserie chicken in the cinema’

The biennial festival in Cork produced another unique feast of fine music and good vibes.Sounds from a Safe Harbour brings fine music and good vibes to Cork

Here are five things to check out in the week ahead.5 things for the week ahead

You have crossed the Atlantic Ocean in a ship to Ireland. You are tired and hungry and desperate to deliver your expensive cargo to port.Islands of Ireland: Horse, trading, and Drishane

More From The Irish Examiner