Providence Resources has completed a 3D seismic survey of the Dragon gas discovery in St George’s Channel Basin, offshore Ireland.

The company said that there may be 300 billion cubic feet of gas in place at the site, which is partly situated in standard exploration licence 1/07.

IKON Geoscience completed the seismic inversion study, increasing the resource potential of the tested gas-bearing sands, which extend further into Irish waters.

Additional reprocessing of the Dragon 3D data and well planning have now begun ahead of the 2012 appraisal drill programme.

"The recently completed IKON study has significantly increased the resource potential of the tested gas-bearing sands in the Dragon discovery," said Providence technical director John O’Sullivan.