Vermilion Energy’s Corrib Gas Field sales top €14m

One of the partners of the Corrib Gas Field, Vermilion Energy, recorded sales of $17m (€14.89m) from the field in the first quarter of the year.

The Canadian firm owns an 18.5% share in the €3.6bn project. Based on Vermilion’s Corrib sales between January and March of this year, the total sales from the field for the three partners would have amounted to more than $91.89m.

Production finally started on the field on December 30, 2015, after delays saw the partners spend €3.6bn on the scheme — more than four times the original €800m estimate.