Exploration company Providence Resources has confirmed that Barryroe well test analysis shows productivity potential and has predicted significant production rates.
The analysis of Barryroe in the North Celtic Sea Basin, offshore Ireland also indicates a high permeability basal oil bearing reservoir interval.
In March of this year, it announced that its Barryroe well off the coast of Cork had delivered the first potential commercial flow rate of oil offshore of Ireland.
In early May, a study detailing results of seismic inversion work confirmed that the basal hydrocarbon bearing sandstone package can be directly mapped from 3D seismic data.
A comprehensive programme of post-drill studies is continuing in order to better define the Barryroe oil in place resource and potential recoverable reserves.
Providence (80%) operates Barryroe on behalf of its partner Lansdowne Oil and Gas plc.
“We had anticipated that we were dealing with a high productivity oil system both in terms of oil mobility and reservoir development. These figures now confirm the magnitude of that productivity potential and clearly demonstrate that the Barryroe basal sands could potentially deliver oil at significantly higher production rates than was previously modeled,” said John O’Sullivan, technical director of Providence said.
