Oil and gas company Providence Resources has been offered a three-year licensing option in the Kish Bank Basin with joint venture partner Star Energy.
Providence, which is listed in Dublin and London, has entered into a partnership with Star Energy, a subsidiary of Malaysia's Petronas, for gas storage initiatives offshore Ireland.
The licensing option offered by the Department of Energy, Communications & Natural Resources covers eight blocks in the basin. Providence will act as operator on behalf of the partnership.
