Barryroe owner brands oil and gas licensing ban 'a lost opportunity'

Providence Resources said it is making progress on finalising development partners for its Barryroe oil and gas field off the Cork coast.  Picture: Finbarr O'Rourke

The new boss of Irish exploration company Providence Resources has labelled the Government’s moves to ban the issuing of new oil and gas drilling licences “a lost opportunity”.

Providence owns the Barryroe field, which lies off the Cork coast and looks primed to be Ireland’s sole source of indigenous natural gas once the Corrib field winds down.