Providence commits to drilling at Spanish Point assets of west coast

OIL and gas exploration company Providence Resources has formally committed to drilling next year at its high-profile Spanish Point/Main Porcupine Basin assets off the west coast of Ireland.

This activity will form a significant part of the Tony O’Reilly Jnr-led company’s already publicised and much-anticipated offshore Ireland drilling round for this and next year.

Providence has a 56% stake in the Main Porcupine Basin area, which includes the Spanish Point gas and Burren oil discoveries. It is partnered in the area by Chrysaor E&P Ireland and Sosina Exploration; with the latter companies set to take on much of the drilling costs.