Vermilion seeks Corrib expansion

CORRIB gas partner Vermilion expects to pay Marathon Oil an additional $135 million (€95m) in order to complete the purchase of its 18.5% share of the gas field.

In the Canadian energy firm’s 2010 annual report, the company confirms that it has already paid $136.8m in cash for the interest.

This brings to $271.8m Vermilion will pay for its share in the gas field off the northern part of the Co Mayo coastline.