Accounts show Mayo gas field richer than originally thought

There's more gas off the coast of Co Mayo than originally estimated, according to an offshore sub-sea survey in the Corrib gas field.

Accounts show Mayo gas field richer than originally thought

There's more gas off the coast of Co Mayo than originally estimated, according to an offshore sub-sea survey in the Corrib gas field.

Commercial gas is set to flow from the field in the middle of next year after a series of delays.

The partners in the project — Shell, Statoil and Vermilion — are expected to spend an additional €300m on the project this year to bring the total spend to €3.4 bn by year's end.

Now, new accounts filed Canadian-based firm, Vermilion Energy Ireland Ltd — show that the volume of gas at peak production will be 8% more than originally believed.

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