Irish Examiner: Corrib field has more gas than expected

The results of an offshore sub-sea survey show that there is more gas in the Corrib gas field than originally estimated. Commercial gas is set to flow from the field off the Co Mayo coast in the middle of next year after a series of delays.

The partners in the project — Shell, Statoil and Vermilion — are expected to spend an additional €300m on the project this year to bring the total spend to €3.4bn by the end of this year.

Now, new accounts filed by one of the partners project — Canadian-based firm, Vermilion Energy Ireland Ltd — show that the volume of gas at peak production will be 8% more than originally believed.

The directors’ report reveals that successful sub-sea operations off the coast of Co Mayo were conducted during the third quarter of 2013 and as a result, Vermilion stated that it is increasing its peak production estimate at Corrib from 9,000 barrels of oil equivalent per day to 9,700 barrels net to Vermilion.
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