Providence Resources

Oil & Gas

Providence Resources agrees provisional Barryroe deal

Providence Resources has reached an agreement with a partner to develop the Barryroe field in the Celtic Sea. The company provided few details on the farm-in, which is said was subject to closing conditions, particularly the required level of financing. Providence currently holds an 80% interest in Barryroe, which is located in SEL 1/11 and LO 12/4 in the North Celtic basin, through its subsidiary EXOLA Limited with Landsdowne Oil and Gas holding the remaining 20% interest.