Providence Resources primed to tap new Barryroe partners

Providence Resources will, effectively, begin the search for a new development partner for its Barryroe oil and gas field as early as this week, if long-awaited funding from its existing partners fails to materialise.

A promised $9m (€8m) payment from Chinese consortium APEC Energy - which agreed to take a 50% stake in Barryroe last year - has missed numerous deadlines throughout the summer.