Construction News

10/10/2007

'Significant' Oil Find Off South East Coast

An Irish exploration company have announced a significant discovery of oil off the south east coast of Ireland.

Providence Resources revealed the good quality oil off the coast of Wexford, from testing wells around 60km off Hook Head in the North Celtic Sea.

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It was found in an area where it is drilling and tests have been carried out up to 1,524m under the seabed.

A full testing programme has not been carried out, however, due to problems under the seabed at the drilling location.

(JM)

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