Providence drilling two new wells at UK oilfield

Oil and gas exploration company Providence Resources today said it had begun drilling two new wells at the Singleton oil field, onshore UK.

"This programme should not only boost daily production rates by over 40%, but should also allow us to assess the impact of new production technologies at Singleton which are expected to form the cornerstone of our field redevelopment activities during the coming years," CEO Tony O'Reilly said.

The Singleton field is located in the Weald Basin and currently produces c. 800 BOEPD from seven production wells.

The field is operated by Providence (99.125%) with partner Noble Energy (0.8725%).

Providence is listed in London (AIM) and Dublin (ESM).

More in this Section

EasyJet shares fly higher despite profit turbulenceEasyJet shares fly higher despite profit turbulence

Netflix shares weather stormNetflix shares weather storm

Huawei: US ban is still unfairHuawei: US ban is still unfair

Later life mortgages will only be a matter of timeLater life mortgages will only be a matter of time


Lifestyle

Tis the season for sequins and excess, but minimalists can stick to their style guns in the season’s next level neutrals. From low-key glitz that’s perfect for party wear to the wardrobe heroes with trans-seasonal appeal, slide into neutral for maximum style with minimal effort. Carolyn Moore reports.Low-key glitz for minimalists with this season's neutrals

How to plump, hydrate and get rid of spots fast before your Christmas party.The Skin Nerd: Getting your quick fix for the festive party season

Irish photographer Seamus Murphy brought music star PJ Harvey to Afghanistan to film part of their documentary, writes Esther McCarthy.Headlong into the war zone in new documentary

Kya deLongchamps shows us how to champion our environmentWinter greens: How to champion our environment this season

More From The Irish Examiner