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Celtic Sea oil project

IRISH exploration company Providence Resources has inked a deal to begin a 3D seismic survey in the Celtic Sea, offshore Ireland.

The acquisition project will commence in June and is expected to run for approximately 15 days.

This new 3D seismic survey, which is to be acquired using a vessel supplied by Polarcus Limited, will be used to plan a pre-development drilling programme designed to progress Barryroe to first oil.

The partners believe that modern 3D seismic data, in tandem with horizontal artificially lifted well completions in the current high oil price environment, will be key components to unlocking value at Barryroe.