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16/03/2012
Oil Struck Off The Coast Of Cork
Exploration company, Providence Resources, have struck oil off the coast of Cork.
They announced yesterday that its Barryroe well off the coast of Cork had delivered the first potential commercial flow rate of oil offshore of Ireland.
The find is 50km out to sea, and 100 metres deep and oil and gas is successfully flowing from the well at double the rate expected.
Providence CEO Tony O'Reilly said the flow rates of 3,514 barrels of oil per day (bopd) at the well were well ahead of the company's pre-drilling expectations of 1,800 bopd. He added that drilling had shown that the oils were of a very high quality. Further tests are now planned at the well.
Shares in the company have risen sharply overnight.
(H)
They announced yesterday that its Barryroe well off the coast of Cork had delivered the first potential commercial flow rate of oil offshore of Ireland.
The find is 50km out to sea, and 100 metres deep and oil and gas is successfully flowing from the well at double the rate expected.
Providence CEO Tony O'Reilly said the flow rates of 3,514 barrels of oil per day (bopd) at the well were well ahead of the company's pre-drilling expectations of 1,800 bopd. He added that drilling had shown that the oils were of a very high quality. Further tests are now planned at the well.
Shares in the company have risen sharply overnight.
(H)
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Sinn Féin spokesperson for Communications, Energy and Natural Resources, Michael Colreavy TD has today welcomed the news that an estimated one billion barrels of oil have been found off the coast of Kerry. However, Deputy Colreavy has also highlighted the poor tax take from Irish oil and gas.
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Oil Slick Heading Toward Irish Coast
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A huge oil slick off the Irish west coast is heading landwards, and could hit the shore in less than 16 days. The Department of Transport and Marine has revealed a spill of up to 1,000 tonnes of fuel oil is floating just 43 nautical miles south of the Fastnet lighthouse, and could hit the shore line in just over two weeks time.
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Ireland WeatherToday:Gale, coastal severe gale, northwest winds ease from late afternoon. Scattered showers will fall as snow over the hills at first, becoming isolated from mid-afternoon. Maximum temperature 7 °C.Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Cloud will spread east towards morning. Minimum temperature 2 °C.
