Providence and Lansdowne Oil & Gas to farm out 50 per cent of Barryroe oil and gas field to SpotOn Energy

30th November, 2020
Providence and Lansdowne Oil & Gas to farm out 50 per cent of Barryroe oil and gas field to SpotOn Energy
The early development programme includes four wells and floating production facilities off the Cork coast. Picture: Getty

Providence Resources and Landsdowne Oil & Gas have announced a deal to farm out a 50 per cent stake in the Barryroe oil and gas field off the coast of Cork to Norwegian consortium SpotOn Energy.

SpotOn Energy and its consortium will fund 100 per cent of the early development programme (EDP) and the full field development, Providence announced this evening.

The early development programme, which includes four wells and floating production facilities, is designed to both...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month, €19.99 Monthly thereafter

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

New state agency to set up district heating schemes

Energy Daniel Murray 2 days ago

Moneypoint staff to get first refusal of new green energy roles

Energy Daniel Murray 2 days ago

Industry group urges state to follow UK’s switch to 10% renewable ethanol in petrol

Energy Daniel Murray 2 days ago

Renewable sources accounted for 43 per cent of Ireland’s electricity last year

Energy Daniel Murray 2 days ago