Galveston field begins production

THE US-based Galveston Island gas field – in which Irish exploration company Providence Resources owns a 10.8% stake – has begun producing gas, it was announced yesterday.

The AIM and IEX-listed oil and gas exploration company, which is headed up by Tony O’Reilly Jnr, said yesterday via a statement that the first gas was encountered last Friday.

“The successful development of Galveston Island A-155 is in line with our stated objective to grow our production in the US Gulf of Mexico,” Mr O’Reilly said.