The Corrib field development, operated by Shell, started production on 30 December 2015. The Corrib gas field is located 83 kilometres off Ireland’s northwest coast in water depths of almost 350 metres.
At peak annual production, the field is expected to produce around 260 MM scf/d of gas, which is 45,000 barrels of oil equivalent per day (boe/d).
The initial development comprises six subsea wells, and gas is transported through an 83 km pipeline to an onshore gas processing terminal. The gas is exported from the terminal via the Bord Gais Eireann linkline to the existing Irish gas grid.
Statoil was awarded six licensing options in Ireland’s 2015 Atlantic Margin Licensing Round.
Statoil will be the operator of four licensing options and partner in two licensing options, operated by ExxonMobil.
The six licensing options awarded to Statoil total approximately 7,700 square kilometres in the Porcupine Basin in water depths ranging between 1,100 and 3,150 metres. Statoil and ExxonMobil each hold 50% equity in all the licensing options.
Work programme commitments are limited to 2D and 3D seismic surveys to be acquired during 2016 and 2017. The analysis of that seismic data will then determine whether the company will seek to convert the licensing options into frontier exploration licences, enabling possible exploration drilling at a later stage.