Providence awarded 15 blocks

PROVIDENCE Resources, the Dublin-headquartered oil and gas exploration and production company, has been awarded 15 new blocks under a Licensing Option in the Goban Spur area, off the west coast by Communications, Marine and Natural Resources Minister Noel Dempsey.

This follows a joint application made by the company and its exploration partners in June, under the open acreage provisions of the 1992 Licensing Act.

Commenting on the awarding of the licence, Tony O’Reilly Jnr, chief executive of Providence Resources, said: “Providence, ExxonMobil and Sosina are already involved in an extensive work programme at the adjacent Dunquin Prospect, and this award further demonstrates our real commitment to exploration, off the west coast of Ireland.”