LONDON--Irish oil and gas explorer Providence Resources PLC (PZQA.DB) said Wednesday that the U.K. supreme court has rejected its application to appeal against a previous lower court in regards to a lawsuit between the company and Transocean Drilling U.K. Ltd., a unit of Transocean Ltd. (RIGN.EB).

The lawsuit arises from the use of the semi-submersible drilling unit, Arctic III, on the Barryroe oil field located offshore Ireland in 2011/2012. Providence owns 80% interest and Lansdowne Oil & Gas PLC (LOGP.LN) owns remaining stake in the oil field.

The supreme court ordered that permission to appeal be refused as it doesn't raise a point of law of general public importance, Providence said.

Write to Tapan Panchal at tapan.panchal@wsj.com

(END) Dow Jones Newswires

November 09, 2016 03:43 ET (08:43 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
Lansdowne Oil & Gas (LSE:LOGP)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Lansdowne Oil & Gas Charts.
Lansdowne Oil & Gas (LSE:LOGP)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Lansdowne Oil & Gas Charts.