Cairn’s farm-in deal for Spanish Point site wins approval
Operations on offshore site expected to begin in second quarter of 2014
Spanish Point is the third of six wells explored as part of Providence Resources multi-basin drilling programme. Pictures if the Barryroe Well in the Celtic Sea. Photograph: Finbarr O’Rourke.
Carin has entered into a contract to secure a drilling rig for the planned appraisal well located in the Porcupine Basin Quad 35 area off the west coast. No wells have been drilled within the Quad 35 acreage since the Spanish Point discovery 30 years ago.
The Blackford Dolphin, an enhanced deep-water semi-submersible rig which underwent a $400 million upgrade in 2006, is to be used by Cairn and its partners to carry out the work.
Operations on the well are expected to begin in the second quarter of next year, subject to approvals.
Providence Resources chief executive Tony O’Reilly said he was pleased to confirm the developments and looked forward to the appraisal drilling operations at Spanish Point.
Spanish Point is the third of six wells being drilled as part of Providence’s Irish multi-basin drilling programme, following on from the Barryroe appraisal well in the Celtic Sea and the Dunquin exploration well.