Providence Makes Gas Discovery in US Gulf

Irish oil and exploration company Providence has made a gas discovery in the US Gulf of Mexico, where the firm has begun a fast-track programme to develop the field.

The new non-operated gas find is located in Galveston Island Block A-155, 100km off the US coast, where Providence holds a 10.8 percent working interest.

Initial evaluation suggests that well results have exceeded the expected pre-drill upside prognosis, says Providence.

The company is using nearby existing infrastructure to fast-track development, it says.

The Galveston Island A-155 discovery well was drilled using the Blake 303 jack-up drilling rig.

The Galveston Island project is operated by Peregrine Oil & Gas.

By Ozge Ibrahim