Providence brings gas field online in 17 months

Providence Resources plc have announce that its new US offshore gas field has been brought online.

The London and Dublin-listed oil and gas exploration and production company, said its Galveston Island A-155 gas field in the Gulf of Mexico has been successfully brought online with first gas sales on Friday August 28.

The new field, which is located 100 kilometres off the US coast and in which Providence holds a non-operated 10.8% working interest, underwent a fast-track development with first gas achieved within 17 months of discovery.

Tony O’Reilly, Chief Executive of Providence, said: "Whilst the 2008 hurricane season severely impacted operations in the Gulf of Mexico, we are pleased to confirm that commencement of production from Galveston Island has been achieved within 17 months of discovery.

"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."