Corrib gas sales surpass €335m

Sales of more than €1.2m a day are being generated from gas flowing from the Corrib field off the Mayo coast, new figures show.

Production started on the field at the end of last year and for the first nine months of this year, the Corrib partners — including Shell, Statoil, and Canadian company Vermilion Energy — recorded estimated revenues of $360m (€335m) from the production of gas from the field.

A new report from Vermilion — which has an 18.5% stake in the project — show that it, alone, has generated sales of $66.42m from the first nine months of production. According to Vermilion production volumes on the project reached full capacity at the end of second quarter of this year.