Providence drillings ‘have huge potential’

PROVIDENCE Resources, the exploration firm backed by the O’Reilly family, says it is working on a number of exciting oil and gas projects.

Chief executive Tony O’Reilly Jnr yesterday said the company was working on a number of drilling operations with major potential.

He said Providence’s stake in the Aje oil field in Nigeria could be “transformative” for the company. Providence’s partners were currently drilling the Aje field, and while the details of the testing were not finalised, it is a “world class play” for the company.