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Providence Resources has been awarded a license for an area in the Kish Bank basin, offshore Dublin. The license was awarded by the Foreshore Unit of the Irish Department of Environment, Community, and Local Government, a news release said.
The license permits the carrying out of a 2D seismic program, a well site survey, and the drilling of an exploration well on the Dalkey Island prospect, located within Standard Exploration License 2/11.
Providence holds a 50% interest in SEL 2/11, which it operates on behalf of itself and its partner, PSE Seven Heads Ltd., a wholly owned subsidiary of Petronas. In 2011, a commitment was made to drill an exploration well in SEL 2/11 subject to the granting of a suitable license. Providence will now advance procurement activities for a site survey vessel and drilling unit to drill the Dalkey Island prospect.