Displaying items by tag: Providence Resourcs

5th September 2012

Barryroe Oil Field May Hold Further Resources Says Study

#COASTAL NOTES - The Barryroe field off the south coast of Cork may deliver even more oil than previously anticipated, according to the latest surveys.

The Irish Times reports that Providence Resources has completed an evaluation of its Celtic Sea prospect which indicates that the Lower Wealden and Purbeckian areas could hold an "encouraging" yield of 778 million barrels.

The oil firm's tectnical director told the paper that the focus would remain on the Middle and Basal Wealden sands following its appraisal wells drilled over the spring and summer.

As previously reported on Afloat.ie, seismic data and results from six test wells on the Barryroe site led experts to estimate that the oil field contains as much as 1.6 billion barrels in total - four times as much as previous projections.

The oil flow is expected to be worth billions of euro to the Irish economy over a number of years.

The latest news "further reinforces the prospectivity of the area" according to Davy Stockbrokers, who added that "it also suggests that Barryroe will not be the only development of Purbeckian oil in the Celtic Sea".

Published in Coastal Notes

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About Pamela Lee, Irish Offshore Sailor

Ireland has produced some of the world’s most dedicated offshore sailors, and Pamela Lee of Greystones is one of them. She has made a name for herself in the sailing world, having worked as a mate on a charter Super-yacht for two and a half years. After coming ashore, she has been fully committed to her offshore sailing ambitions since 2019.

Lee has raced in various craft, including Figaro 3s, Class 40, Tp 52s, and multihulls, and has eight transatlantic crossings under her belt. In partnership with Kenny Rumball, Lee supported Rumball’s La Solitaire du Figaro sailing campaign to secure the Irish berth in the proposed Mixed Offshore Keelboat event for the Paris 2024 Olympics.

One of Lee’s stated main aims is to promote female empowerment in sport, and she set out to establish a double-handed Round Ireland speed record with Englishwoman Cat Hunt in the winter of 2020. This campaign gained much publicity, and Lee expressed pride in bringing sailing and offshore sailing, in particular, into the conversation for 2020.

To further her offshore sailing career, Lee moved to France, where she has recently secured a place to skipper a yacht in the Transat Jacques Vabre Challenge in October 2023. Lee’s passion and dedication to offshore sailing are inspiring, and her achievements are a testament to her hard work and perseverance.