Barryroe
Parts of this article (those related to recent issues need updating) need to be updated.(November 2023) |
Barryroe oil and gas field | |
---|---|
Country | Ireland |
Region | Celtic Sea |
Offshore/onshore | Offshore |
Partners | Providence 80% Lansdowne 20% |
Field history | |
Discovery | 1981 |
Production | |
Estimated oil in place | 1,000 - 1,600 million barrels (~−220,000,000 t) |
Recoverable oil | 311 million barrels (~4.24×10 7 t) |
Recoverable gas | 207×10 9 cu ft (5.9×10 9 m3) |
Barryroe is an undeveloped oil and gas field discovered in the
As of 2020[update], the field is 80% owned by Providence Resources (via subsidiary Exola) and 20% by Lansdowne Oil and Gas (via subsidiary Lansdowne Celtic Sea).[7]
Providence has long been seeking a partner to finance development of Barryroe.[8] In 2015 it attempted partnership with Sequa Resources, and in 2018–2020 partnered with Chinese APEC Energy, both without success.[8]
Providence estimated the total reserve in place between 1 and 1.6 billion barrels (160×10 6 and 250×10 6 m3) in July 2012.[9] In April 2013 an independent audit estimated the recoverable total at 311 million barrels (49.4×10 6 m3) barrels of oil, and 207 billion cubic feet (5.9 billion cubic metres) of gas.[10] This gives a total of 346 million barrels (55.0×10 6 m3) of oil equivalent.
References
- ^ Keane, Conor (16 March 2012). "Barryroe oil output could hit as much as 20,000 barrels a day". Irish Examiner. Retrieved 8 August 2012.
- ^ Keane, Conor (15 March 2012). "Oil-drilling success sends Providence shares up 11%". Irish Examiner. Retrieved 8 August 2012.
- ^ Percival, Geoff (24 March 2012). "Providence strikes gas off Cork". Irish Examiner. Retrieved 8 August 2012.
- ^ Percival, Geoff (27 June 2012). "Providence may sell 40% of oil field this year". Irish Examiner. Retrieved 8 August 2012.
- ^ "Providence Resources: Barryroe oil in place resource update". OilVoice. 25 July 2012. Retrieved 8 August 2012.
- ^ Pogatchnik, Shawn (7 December 2019). "40 years and €1.5bn later Barryroe is last hope for Providence". Irish Independent. Retrieved 7 July 2020.
- ^ Donnelly, Ellie (13 February 2020). "Providence Resources transferring Apec share of Barryroe to original owners". Irish Independent. Retrieved 29 March 2020.
- ^ a b "Cantillon: Providence's new CEO must strike oil at Barryroe". Irish Times. 14 January 2020. Retrieved 29 March 2020.
- ^ "Providence upgrades Cork oil find". The Irish Times. 25 July 2012. Retrieved 8 August 2012.
- ^ "Audit confirms Barryroe has 346m barrels". Fxcentre.com. 5 April 2013. Archived from the original on 29 June 2013. Retrieved 5 July 2013.