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Inishkea find may overturn Ireland’s import strategy

Europa Oil & Gas says its discovery off Ireland may hold 42.5 bcm of gas, which could provide a significant share of the country’s gas demand Europa Oil & Gas says its discovery off Ireland may hold 42.5 bcm of gas, which could provide a significant share of the country’s gas demand.
By Silvia Favasuli 4 March 2019 Europe & Russia / Exploration & Production 0 33998
Production at the Corrib field offshore Ireland. (Shell E&P Ireland)

A new gas discovery off Ireland is changing the outlook for a country that many expected to become 100% dependent on imports beyond 2030.

Independent producer Europa Oil & Gas announced last week that its Inishkea prospect in the Slyne Basin off Ireland’s Atlantic coast contains 42.5 billion cubic metres of unrisked prospective gas resources and has an estimated 33% chance of success.

The prospect’s development could be fast-tracked given its proximity to the existing Corrib Field facilities, which are a few kilometres away.

Hugh Mackay, Europa’s chief...