Seven Heads estimates up 40%

THE estimate of “proven and probable recoverable” gas reserves at the Seven Heads gas field off the Cork coast has been increased by 40% by developers Ramco Energy plc.

Prior to the upgrade, it was estimated that the €20 million investment in the field would supply 10% of Ireland’s natural gas needs over the next 10 years.

Yesterday, the Aberdeen-based exploration and production company issued a preliminary upgrade to the proven and probable reserves in the Seven Heads Field.