Providence Resources P.l.c.: Farm-out Agreement Signed - Standard Exploration Licence 1/11 Barryroe Oil and Gas Field, North Celtic Sea
Alan Linn Chief Executive of Providence said: “The development of the Barryroe field is an exciting opportunity for the people of Ireland and the Barryroe partnership and, as production builds following the implementation of the Early Development Programme (EDP), we will begin to produce indigenous energy and petrochemical feedstocks for the Irish market.
Indigenous production will support Irish energy security; encourage the progress of renewable technologies and deliver raw materials used in the production of many of the essential items we take for granted in our daily lives.
Over the coming months, we will be working with the SpotOn Team to complete the transaction; finalise the project schedule; progress the government approvals and develop the detailed drilling and facilities work programmes. I think Ireland and the Cork area will benefit economically from the field development and subsequent production for many years to come.”https://www.share-talk.com/alan-linn-ceo-providence-resources-pvr-l-interview/