Providence Resources PLC (LON:PVR) has confirmed that the company has now received a US$5.4mln payment from Total.
It is the second and final payment from Total under the option agreement for the Frontier Exploration Licence 2/14 exploration area, offshore Ireland, the company said in a statement.
READ: Providence Resources confirms completion of west Ireland programme
Earlier this week, on Tuesday, it was confirmed that the Stena IceMAX deep-water drillship used to drill the recent exploration well off Ireland’s west coast has now completed all requisite plug and abandonment operations. It is now off hire and has departed the well site, in transit back to Las Palmas, Gran Canaria.