Providence Resources Plc announces that, together with its partners ExxonMobil Exploration and Production Ireland (Offshore) Limited, an ExxonMobil subsidiary, and Sosina Exploration Limited, it has agreed to exclusively license over 1,500 km of 2-D long offset seismic data over the Dunquin prospect from Fugro Data Surveys AG. This is the first time long offset 2-D seismic technology, which should significantly improve subsurface imaging, has been deployed in the Porcupine Basin.
Commenting on the survey, Tony O'Reilly jnr., Chief Executive of Providence Resources P.l.c. said:
"The award of this contract is a major milestone for Providence and its partners. This is the largest prospect specific 2-D seismic survey ever carried out offshore Ireland. Utilising the very latest technology, the results of this seismic programme will allow the partners to better define the future work programme on the Dunquin Prospect."