Total completes Irish oilfield acquisition

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The Total SA logo is seen at a Total oil refinery in Spergau, Germany, Friday, March 31, 2006. Photographer: Jochen Eckel/Bloomberg News

Providence Resources said today that it had completed the divestment of a 35% stake in an Irish oilfield to Total.

French oil major Total is now the operator of licence 2/14, which contains the undrilled Diablo prospect and the drilled Druid and Drombeg prospects.

The equity in FEL 2/14 is now divided as follows: Total (35%), Cairn Energy (30%), Providence Resources (28%) and Sosina Exploration (7%).

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