Oil and gas exploration group Providence has completed site survey work in preparation for its summer 2007 Celtic Sea drilling programme, it said today.
Using the R.V. Ocean Researcher, Gardline Geosurveys Ltd carried out the site survey over two well locations on the Hook Head structure.
AIM- and IEX-listed group Providence confirmed Island Oil and Gas plc has taken delivery of the semi-submersible drilling rig, Petrolia, which they have secured for operating their summer drilling programme.
"As per its agreement with Island, Providence and its partners now expect to take delivery of the Petrolia rig at the beginning of August 2007, when a 50-day drilling programme over Hook Head in the Celtic Sea will commence," the company said in a statement.
Chief executive of Providence Resources Tony O'Reilly Jnr said he was pleased the site surveys have been completed and that all aspects of the summer drilling programme can now be finalised.
