Seismic reflections: Offshore bonanza?

Last week’s reservoir analysis update from Providence Resources on its Barryroe discovery adds to the positive industry news coming out of Ireland this year and it looks as if there is more to come. Barryroe was discovered in the 1970s but it is only now that technological developments and a strong oil price have come together to bring interest back to the region. It is the first commercial discovery of oil offshore Ireland, but there are also potentially large gas condensate targets to the west of the country in prospects analogous to successful plays elsewhere in the Atlantic Margin. The first of these, Dunquin, is due to spud in early 2013.

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