February 04, 2019

Providence Resources and the Barryroe Partners now confirm that COSL have nominated their 6th generation COSLInnovator semi-submersible drilling unit, which is currently based in the Norwegian North Sea. The first well in the program, subject to regulatory consent, is planned to be c. 4.3 km west and c. 25 m structurally high at Base Wealden level to the previous 48/24-10z well which tested c. 4,000 BOEPD from a vertical 7-metre reservoir section at this level. This well is then planned to be sidetracked to drill and test a prognosed c. 200 metre Base Wealden section. Well-site survey operations are planned to commence during Q2 2019, subject to regulatory consents. Commenting on the announcement, Tony O’Reilly, Chief Executive of Providence said: “The rig nomination allows us to progress the rig-related consents for the upcoming Barryroe appraisal drilling programme. Subject to the receipt of all necessary regulatory approvals, we currently envisage rig mobilisation and drilling commencing during Q3 2019. The Barryroe partners look forward to working closely with COSL on the execution of this major drilling programme and further project announcements will be made as appropriate.”
COSL Innovator managed by China Oilfield Services is a Global Maritime GM4000-D mid-water semi-submersible built at Yantai CIMC Raffles shipyard in China in 2011. The drilling rig is ready stacked in Agotnes, Norway.
Barryroe is an oil and gas field discovered in the Atlantic ocean south of Cork, Ireland. (Source: Providence Resources)