Providence update on Barryroe drilling

Thursday 09 February 2012 13.01
Providence says appraisal well encountered hydrocarbons
Providence says appraisal well encountered hydrocarbons

Exploration company Providence Resources has given an update after drilling at an appraisal well at its Barryroe prospect off the Cork coast.

The company said hydrocarbons - which indicate the presence of oil or gas - were encountered during the drilling, which was delayed by weather conditions and rig issues.

Providence CEO Tony O’Reilly said operations to evaluate the underlying Barryroe reservoir had now started.