Providence Resources, Shell To Negotiate Oil Off Take Agreement

Providence Resources Plc confirmed that it has signed a Memorandum of Agreement with Shell International Trading and Shipping Co. Ltd.
According to Providence, the Memorandum of Agreement was signed to negotiate an oil off take sale and purchase agreement relating to future potential oil production from its Barryroe and Hook Head oil discoveries, located in the North Celtic Sea Basin off the south coast of Ireland.
Source: RTT News