Providence appoints Tullow Oil executive to board

Tony O’Reilly Jr’s Providence Resources has named Tullow Oil’s exploration director Angus McCoss to its board in a non-executive capacity.

Providence appoints Tullow Oil executive to board

Mr McCoss, one of the senior members of the Tullow board, will join Providence as a non-executive director early next month.

It marks the second Tullow-linked board appointment Providence has made in the past year. Last September, the company appointed Tullow’s former chairman, Pat Plunkett, as its chair.

Mr Plunkett also heads up exploration investment firm T5 Oil and Gas, which is reportedly gearing up for a dual IPO in Dublin and London later this year.

Mr Plunkett welcomed the appointment of Mr McCoss, saying he brings “extensive knowledge and relevant exploration experience” and his presence on the board will “assist us in further realising the very significant value in our portfolio”.

This summer is set to be a busy one for Providence.

The company — which holds its agm in Dublin next week — is due to begin drilling, along with partner Cairn Energy, at its Druid and Drombeg prospects off the west coast of Ireland next month.

The prospects hold an estimated combined 5bn barrels of oil.

Providence and its partners are also set to run a fresh rule, via a new seismic study, over its Dunquin prospects off the west coast. The company also remains in talks with prospective development partners regarding a number of its assets.

More in this section

Budget 2022 Logo

What impact will this  year's budget have on you and your business.

The Business Hub
Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Sign up
Puzzles logo
IE-logo

Puzzles hub

Visit our brain gym where you will find simple and cryptic crosswords, sudoku puzzles and much more. Updated at midnight every day. PS ... We would love to hear your feedback on the section right HERE.

Lunchtime
News Wrap

A lunchtime summary of content highlights on the Irish Examiner website. Delivered at 1pm each day.

Sign up
Revoiced
Newsletter

Our Covid-free newsletter brings together some of the best bits from irishexaminer.com, as chosen by our editor, direct to your inbox every Monday.

Sign up