Providence Resources PLC will begin work required to complete environmental and regulatory approvals for appraisal and development of Barryroe oil and gas field now that approval for a site survey has been granted by the Irish government.
The company received the green light to undertake a seabed and shallow geophysical survey and an environmental baseline and habitat assessment survey at the K-Site location, Barryroe, North Celtic Sea, within Standard Exploration License 1/11.
The offshore survey, the third in a series, is expected to be completed later this year. Its completion will enable Providence Resources to apply for any potential further works on the K site. Further regulatory approvals are required before drilling can take place on the field.
Barryroe lies about 50 km off the south coast of Ireland in 100 m of water and is one of the largest undeveloped oil and gas fields offshore Europe. Providence and its license partner Lansdowne Oil & Gas PLC agreed in December 2020 to farm-out 50% working interest in Barryroe field to Spoton Energy Ltd. and a consortium of international service providers (OGJ Online, Dec. 1, 2020).
Spoton and the consortium are expected to fund 100% of the early development program and full field development. Early development includes four wells and floating production facilities designed to appraise and produce the field. The campaign is expected to begin late-2022.
