The block in the St George’s Channel Basin, offshore Wales, contains the Dragon gas discovery.
PR Singleton, the wholly owned UK subsidiary of Providence Resources, will operate the licence with a 50% interest, while Star Energy Oil & Gas will hold the remaining stake in the licence.
Providence Resources chief executive Tony O’Reilly said the Dragon gas discovery is mapped to lie within both the UK and Irish sectors, and the award of this new block will allow the company to move forward with the drilling of its planned appraisal well.
