Providence Resources says survey of well in Porcupine Basin deferred
Irish exploration company has a 26.8 per cent share in the licence off the coast of Cork
Tony O’Reilly jnr, chief executive of Providence Resources. Photograph: Dara Mac Donaill / The Irish Times
The oil licence is located off the coast of Cork and is operated by Eni Ireland on behalf of its partners, Repsol Exploracion Irlanda, Sosina Exploration and Providence, which is led by Tony O’Reilly jnr. Providence has a 26.8 per cent share in the licence.
Providence said further updates on the revised scheduling of the site survey would be provided “as and when appropriate”.