Lansdowne reports additional breathing room ahead of farm-out (Scandinavian Oil-Gas Magazine)

Lansdowne reports additional breathing room ahead of farm-out

Published Mar 13, 2015

Lansdowne Oil & Gas is an E&P company with licences in the North Celtic Sea Basin, offshore the southern coast of Ireland. Its assets include a 20% stake in the Barryroe oil discovery and 100% of a number of further drill-ready prospects.

Settlement agreed; progress on Barryroe farm-out

In May 2012 Transocean sued Providence for $19m regarding the use of the semi-sub unit used to drill a well on Barryroe. The December 2014 verdict found that RIG was in breach of contract, and left it to the parties to negotiate a settlement.

Tags: Lansdowne Oil & Gas plc

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