Providence Resources has secured a semi-submersible rig for its well program in the Celtic Sea during the summer of 2011.

This forms part of the company’s previously announced multi-year, multi-basin drilling program, offshore Ireland.

As per the terms of the deal, Providence, as operator, has hired the semi-submersible rig, the GSF ARCTIC III.

The rig contract provides for a minimum 54-day period with options to extend, should the company plan to drill further wells.

The company said that the core objective of the 2011 drilling program will be to further appraise the Barryroe oil accumulation.

Based on the current rig schedule, the spud date is expected to be late August 2011.

According to the company, well site surveys were recently successfully completed using the R.V. Celtic Voyager.