ExxonMobil plans to drill an exploration well on the Dunquin prospect offshore the west coast of Ireland in the second quarter of next year, it was revealed today.
In a statement, Providence Resources, a partner on the frontier licence containing Dunquin, said a budget had been approved for work on the well by all partners.
Tony O’Reilly, its chief executive, said: “We are extremely pleased to confirm that the pre-drill activities for the Dunquin exploration well have commenced and that a spud date has now been scheduled.
“This well forms an important part of Providence’s Irish multi-basin, multi-well drilling programme, which kicked off in November 2011.”
ExxonMobil Exploration and Production Ireland (Offshore) has 27.5% interest in the licence, with ENI Ireland holding 27.5%, Repsol Exploracion Irlanda 25%, Providence 16% and Sosina Exploration 4%.