Providence to agree gas deal with Exxon Mobil

A MAJOR deal between Dublin oil and gas exploration company Providence Resources and the world’s largest oil company Exxon Mobil is expected to be announced today.

The deal will see the companies begin drilling for natural gas off the west coast of Ireland.

It is believed Exxon Mobil will co-operate with Providence, a company part-owned by Anthony O’Reilly, and drill in the Dunquin field about 200 kilometres off the coast.