Construction News

20/08/2007

Drilling Commences At Hook Head

Providence, the AIM (London) and IEX (Dublin) listed oil & gas exploration and production company, has announced it has started its drilling of the Hook Head appraisal well.

The well is located off the south coast of Ireland, in the North Celtic Sea Basin, in Standard Exploration Licence 2/07.

Using the Petrolia semi-submersible rig, drilling operations on the 50/11-3 well commenced on Friday, August 17th.

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It is anticipated that the drilling programme will take up to 50 days.

The Hook Head structure is a large mid-basinal anticline where two previous wells successfully encountered hydrocarbon bearing sands.

Partners in the Hook Head well include Challenger Minerals (Celtic Sea, Dyas, Forest Gate Resources, Atlantic Petroleum and Sosina Exploration.

Providence was founded in 1997, and its active oil and gas portfolio includes interests in Ireland, UK, US and West Africa. Providence’s portfolio is balanced between production, appraisal and exploration assets, as well as being diversified geographically.

(LC/SP)

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