Providence hopes to obtain Barryroe licence in next 90 days

Irish oil firm aims to begin production at site, which predates state ban on new drilling licences, by mid-2026

James Menton, executive chairman of Providence Resources: ‘Our goal is to exploit some of the Barryroe oil field in a very short ten-year time period.’ Picture: Fergal Phillips

Providence Resources, the Irish oil exploration company, hopes to receive a crucial licence from the government in the next 90 days so it can drill an appraisal well in the Barryroe oil field, its recently appointed executive chairman has said.

James Menton said the company was aiming to potentially begin commercial production from the site by mid-2026.

Speaking to the Business Post last week, he said he hoped the government would grant the firm a ...