Capex Data
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Future Plans
2008 Drilling
Providence is actively planning for further drilling in 2008. The biggest issue, as it is for all oil and gas E&P companies, is the securing of drilling vessels and this is no different for Providence. Obviously, the testing results from Hook Head will influence future drilling decisions in the Celtic Sea, but the Company is already examining opportunities to secure drilling vessels for a multi-well development drilling programme for 2008.
Off the west coast of Ireland, Providence is seeking to secure, from the market, a drilling vessel capable of appraisal drilling at Spanish Point. Drilling decisions regarding Dunquin and/or the Goban Spur Basin drilling will be taken by ExxonMobil, Sosina and the Providence.
Overseas, the partners in the East Irish Sea have agreed, subject to rig, to drill Crosby in 2008. In West Africa, Providence continues to discuss how best to advance drilling opportunities there and will report back when decisions have been made. Finally, in pursuit of incremental production from existing producing fields, Providence is currently looking at drilling additional wells at Singleton and in the Gulf of Mexico, as well as looking at possible new opportunities in the region.