Providence Resources (LON:PVR) and its partner Lansdowne Oil & Gas (LON:LOGP) have been granted a possible field extension to Barryroe, their oil discovery in Ireland’s Celtic Sea.
The authorities have allowed a 180 square kilometre expansion to licence SEL 1/11, which contains Barryroe.
Providence technical director John O'Sullivan said: "The granting of an increase in the areal extent of SEL 1/11 recognises the potential significant volumetric upside that exists at Barryroe.
“The structural closure as mapped now appears to extend further to the south and south-east; however, no wells have been drilled as yet to confirm any such extensions to the field area."