Providence Resources announced on 6 April 2020 that it has granted SpotOn Energy a period of exclusivity until 31 October 2020 during which the companies will look to agree upon an appraisal programme for the Barryroe field in Standard Exploration Licence (SEL) 1/11. It is hoped that this will conclude in a farm-out of interest to SpotOn Energy which is a Norwegian company, registered in the UK and has a strategy of taking a progressive approach to cost effective offshore oil and gas field development working with a consortium of world leading service providers to deliver projects. In 2019 Providence had a deal fall through with a Chinese consortium, APEC Energy, for the development of the Barryroe field. To date Providence has undertaken a site survey for the potential development which it completed on 16 September 2019. A further planning application to undertake a site survey on a third Barryroe field appraisal location has been submitted.   Barryroe was discovered in 1973 by Esso. The field was originally not developed due to the waxy crude and that it was thought to be too compartmentalised. Barryroe lies directly below the Seven Heads gas field. The discovery was appraised in 2011 and tested with flow rates of between 1,300 and 1,600 bo/d. The oil is light (30Â° to 42Â°API) and has a relatively high wax content ranging from 12 to 22%. Following a resource audit for the in-place and recoverable resources for the Basal Wealden reservoir by Netherland Sewell & Associates Inc (NSAI) in April 2013, the report revealed that with a recovery factor of 35%, 2P in-place volumes of 761 MMbo with recoverable resources estimated at 266 MMbo and 187 Bcf of associated gas had been derived. These resource calculations, combined with the RPS Energy resource assessment from 2011 of the overlying Middle Wealden, total recoverable resources for the field at 311 MMbo and 207 Bcf (346 MMboe). There is potential for additional resources in the Lower Wealden and Purbeckian Sandstones where the company estimated P90, P50 and P10 of oil in-place of 456 MMbo, 778 MMbo and 1,165 MMbo respectively. In 2016 the company updated the resource potential of the Upper C-Sand interval. The latest estimate for GIIP within SEL1/11 and optionl area OPL1 is 400 Bcfg.  Interest in Standard Exploration Licence 1/11 is held by Providence subsidiary EXOLA Ltd (80% + operator) and Lansdowne Celtic Sea Ltd (20%).
Ireland (North Celtic Sea B. (Celtic Sea Graben System)) Seven Heads