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Providence gets Dalkey foreshore licence

Thursday, October 04 10:41:56

Irish oil and gas explorer, Providence Resources, today said it has been awarded a foreshore licence over an area of the Kish Bank close to Dalkey Island.

The company said it is to procure a site survey vessel and drilling unit to drill at the Dalkey Island prospect after Environment Minister Phil Hogan rejected a call by Tanaiste Eamon Gilmore and others for a public inquiry into Providence Resources foreshore licence application to survey the site 6 kilometres off the bay shoreline.

The licence for an area in the Kish bank basin allows the company to carry out a 2D seismic study, a well site survey and drill an exploration well on the prospect.

Providence holds a 50pc interest in SEL 2/11 which it operates on behalf of itself and its partner, PSE Seven Heads Limited, a wholly owned subsidiary of PETRONAS.

"In 2011, a commitment was made to drill an exploration well in SEL 2/11 subject to the granting of a suitable Licence. Providence will now advance procurement activities for a site survey vessel and drilling unit to drill the Dalkey Island prospect," the company said.

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