Providence Resources offered 'Silverbank' licence

Thursday 05 December 2013 08.56
Providence Resources offered new licence option for southern Celtic Sea Basin
Providence Resources offered new licence option for southern Celtic Sea Basin

Providence Resources has been offered a licence option covering a large part of the southern Celtic Sea Basin.

Studies based on seismic data will be carried out, but previous data suggests that there may be a large structure similar to those found in the Northern Celtic Sea.

The company said it will continue to assess the potential within the area - known as Silverback - and will carry out a work programme involving the reprocessing and interpretation of the 2D seismic data. 

"The Silverback prospect represents a continuation of our stated strategy to generate and roll out new and material high impact exploration opportunities offshore Ireland," commented the company's technical director John O'Sullivan.