Inishkea10 Oct 2022 22:47
The owners of Ireland’s Corrib gas field, Vermillion and Nephin, are looking at ways of extending its life. They believe that it could continue producing gas well into the next decade. When the field runs out of gas it will leave the country entirely dependent on imports for its most important energy source. Improving the Co Mayo terminal’s existing technology could lengthen the field’s life, while there are hopes that there are other reserves nearby that could also be exploited. That includes Europa's currently 100% owned Inishkea, with it's gross un-risked prospective resources of 1.5 tcf.
If the partners ongoing feasibility study into the Corrib gas field's long-term prospects produce the expected results, the Irish government would be hard-pushed to let Inishkea progress.
Simon Oddie recently replied to an enquiry of mine as follows:
'The first step for Inishkea is the extension and we are hopeful that this will be granted. You are correct that a potential farminee must then have the confidence to invest and have clarity that drilling and ultimately development will be allowed to proceed without problems or delays. We will be doing our utmost to convince interested parties of this, hopefully with support from the Irish Government.'