Displaying items by tag: Atlantic Margin Licensing Round
#POWER FROM THE SEA - Irish oil and gas firm Providence Resources has been awarded a licence to explore near Dalkey Island, the Irish Independent reports.
The standard licence issued by the Department of Communications, Energy and Natural Resources lasts for up to six years, split into two three-year phases.
Providence hopes to drill at least one well during the initial phase in the Kish Bank Basin, where previous exploration drilling confirmed the presence of oil suitable for petroleum production.
The group is also applying for a foreshore licence for the purpose of well site surveys and drilling operations.
As previously reported on Afloat.ie, Providence Resources is one of the 12 companies that were awarded 13 Licensing Options between them in the 2011 Atlantic Margin Licensing Round.
The Irish Independent has more on the story HERE.