Providence Resources eyes investors for Barryroe push

Having applied seven months ago for Government approval to progress the asset, Providence said there is a "need for urgency in granting ministerial consent”.

The introduction of investors would reduce Providence’s current 80% stake in Barryroe.

Providence Resources has said the receipt of still-outstanding formal Government approval for the development of its flagship Barryroe oil and gas field is now a matter of urgency if the field is to start commercially producing before the end of 2026.

The Irish exploration company has also said it is talking to “a number of potential industry partners” regarding investment in the Barryroe field, which is located off the Cork coast.