Ryan set to consider Barryroe oil and gas field licence bid

A deal to farm out a stake in the field off the Cork coast requires approval from the Minister for Environment and Climate

13th December, 2020
Ryan set to consider Barryroe oil and gas field licence bid
Providence Resources and Lansdowne Oil & Gas last month announced a deal to farm out a 50 per cent stake in the field, which is located off the coast of Cork.

Eamon Ryan will consider a licence application for the Barryroe oil and gas field “within the relevant regulatory and policy context”, his department has said.

Providence Resources and Lansdowne Oil & Gas last month announced a deal to farm out a 50 per cent stake in the field, which is located off the coast of Cork, to SpotOn Energy, a Norwegian consortium.

The finalisation of the deal is contingent on a number of factors,...

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