Providence to acquire Drombeg 3D seismic surveyMonday 24 February 2014 09.03
Oil and gas exploration firm Providence Resources has decided to acquire part of a 3D seismic survey on the Drombeg licence off the coast of Ireland.
In a statement, the company said that Polarcus intends to shoot a 3,200 km2 multi-client 3D seismic survey in the southern Porcupine Basin. About 1,065 km2 of this data shoot will cover the Drombeg licence area.
The company said that the fee for the survey is fixed, which means no exposure to weather downtime.
John O’Sullivan, Providence's technical director, said the new survey represents the largest 3D seismic programme to be announced for offshore Ireland so far this year.
“We expect that these new high resolution 3D data over our Drombeg prospect will confirm the potential which has been identified within the Lower Cretaceous section and will allow for the commencement of well planning on Drombeg", Mr O'Sullivan said.
"We are also very pleased to be working with Polarcus again, who successfully acquired 3D seismic surveys on both of our Barryroe and Spanish Point North blocks during 2011," he added.