Mouths water at oil boom prospects

There is plenty of hype around Ireland’s oil exploration sector, but there have also been numerous disappointments. With the Barryroe bonanza this week, could the country be set for a new boom, asks Kyran Fitzgerald

Ireland’s oil exploration sector has, over the years, produced a lot of guff but very little gush. Could this all be about to change as estimates on the value of the Barryroe field start to rise?

This week, Liberum Capital Analysts doubled its estimates of the recoverable reserves at Barryroe to 200m barrels.