Providence still waiting for key Chinese payment

Providence still waiting for key Chinese payment

Apec is due to drill Providence’s Barryroe oil field off the Cork coast and the payment is part of the contract’s terms. It has been delayed several times, however, since an original deadline was missed

Exploration company Providence Resources has again extended the deadline for the receipt of a crucial €9 million payment from a Chinese company.

The company, Apec, is due to drill Providence’s Barryroe oil field off the Cork coast and the payment is part of the contract’s terms. It has been delayed several times, however, since an original deadline in June was missed.

On Tuesday morning,...

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