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Barryroe Farm-Out Suffers Delay Summary The deadline for closing the deal has been extended by two months until the end of April. by: Joe Murphy Posted in: Barryroe Farm-Out Suffers Delay Irish explorer Providence Resources has agreed to extend the deadline for closing a farm-out to Norway s SpotOn Energy at the Barryroe oil and gas field off Ireland s south coast by two months until April 30, it said on March 1. The farm-out, agreed at the start of December, will see SpotOn take a 50% stake in Barryroe, Ireland s largest oil discovery. In return, the company and a group of international service providers will fund, develop and bring the project to production. ....
Ireland s Providence Denies Merger Talks Feb 8, 2021 3:30:pm Summary The Irish press reported over the weekend that Providence had been approached by Norway s SpotOn Energy, set to become its partner at Barryroe. by: Joe Murphy Posted in: Irish junior Providence Resources has denied holding merger talks, following a report by Ireland s Business Post on February 7 claiming that the company had been approached by Norway s SpotOn Energy with an offer. Providence and its partner Lansdowne Oil & Gas reached an agreement in December on farming out a 50% interest in the Barryroe oil and gas field off Ireland s south coast to SpotOn, in order to fund further project work. ....
Irish Gas Lobby Welcomes Clarity on Licensing Feb 3, 2021 10:35:am Summary The government is banning the issue of new oil and gas licences, but has stressed it will honour existing permits. by: Joe Murphy Posted in: Irish Gas Lobby Welcomes Clarity on Licensing The Irish Offshore Operators Association (IOOA) has welcomed the Irish government s renewed commitment to honour existing oil and gas licences, despite closing the door on new permits. Security of supply and access to cheaper and more sustainable gas are important objectives for a country on the fringes of Europe that imports pipeline gas from the UK – itself at the end of the continental gas supply chain – and still burns some peat for power generation. ....