OilVoice - Providence Commences Production From New US Offshore Gas Field

Providence Commences Production From New US Offshore Gas Field

Saturday, September 05, 2009

Providence Resources P.l.c., the AIM (London) and IEX (Dublin) listed oil and gas exploration and production company, announces that its new Galveston Island A-155 gas field in the U.S. Gulf of Mexico has been successfully brought online with first gas sales occurring on Friday 28th of August. This new field, which is located c.100 kilometres off the US coast and in which Providence holds a non-operated 10.8% working interest, underwent a fast-track development with first gas achieved within 17 months of discovery. The field has been developed with a dedicated unmanned production platform connected to a new 30km long gas export pipeline.

Tony O'Reilly, Chief Executive of Providence, said:
"Whilst the 2008 hurricane season severely impacted operations in the Gulf of Mexico, we are pleased to confirm that commencement of production from Galveston Island has been achieved within 17 months of discovery. The successful development of Galveston Island A-155 is in line with our stated objective to grow our production in the US Gulf of Mexico."

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