[Poor Uncle Tom]

What seems like a significant oil find 50 kms off the Cork Coast in shallow waters. Providence Resources can bring in over 3,500 barrels a day and only needs to draw 2,000 barrels a day to make the field economically viable.

The field is located at Barryrow, off the Cork coast. The same company is also testing for gas. This is the first major oil find by an Irish company in 50 years of searching and the largest find since a find half the size in the 1970's.

The technologies are available now to extract the high quality oil reserves found using horizontal drilling methods from the oil rich basal sands.

So what will this mean for the Irish economy, for Irish jobs and for jobs at sea?

Also, will this mean anything to the price of motor fuel or home heating oil at the pumps?

[JustAddWater]

Originally Posted by Poor Uncle Tom

So what will this mean for the Irish economy, for Irish jobs and for jobs at sea?

Also, will this mean anything to the price of motor fuel or home heating oil at the pumps?

Nothing, nothing and nothing

We'll get corporation tax from providence and that'll be that

[Nodferatu]

don't you know we will be eventually screwed over by our own government if not already as regards to this.

haven't our f*cking idiots in the fail... er sorry Dail already literally handed over our oil & gas under the waves to multi national corporate companies

''In recent years a number of Irish oil and gas reserves have been discovered. Together they are potentially worth hundreds of billions of euro. Despite the obvious strategic importance of these reserves the Dublin government has handed over the rights to all Irish oil and gas explorations to a host of domestic and foreign private energy companies.

This ongoing act of economic treason is greatly exacerbated by the fact that energy prices are set to rise steeply over the coming decades as the world’s oil reserves dwindle. The human cost of these increasing energy prices is already apparent. In Ireland hundreds of thousands are struggling to heat their homes as the reality of fuel poverty takes hold in post-‘Celtic Tiger’ Ireland. A staggering 3,000 people die each year in Ireland due to preventable, cold-related illness.''

[Cookie_Monster]

Queue the hippy anti drilling brigade

3, 2, 1...

Good news no doubt despite the state or average punter seeing little from it

[Poor Uncle Tom]

Originally Posted by Cookie_Monster

Good news no doubt despite the state or average punter seeing little from it

I would have thought so anyway, it's hardly going to be bad news.

I heard a figure of €700million to the Irish economy over the life of this well. That's an incredible figure, is there any banks our government can give it to? or will they actually do some good with it?

[Tabnabs]

I'd say now's the time to be putting in the CV to http://www.mainport.ie

[mp22]

Originally Posted by Cookie_Monster

Queue the hippy anti drilling brigade

3, 2, 1...

To be honest I am surprised that the local and national protest nuts havent started up yet.
Down here they are protesting and having meetings about a new salmon farm in the bay(bantry).

[Jambo]

Originally Posted by mp22

To be honest I am surprised that the local and national protest nuts havent started up yet.
Down here they are protesting and having meetings about a new salmon farm in the bay(bantry).

Supply and standby vessels serving the gsf artic platform seem to operating out of Liverpool rather than Cork since she has been in stationed out there.

[Jambo]

Originally Posted by mp22

To be honest I am surprised that the local and national protest nuts havent started up yet.
Down here they are protesting and having meetings about a new salmon farm in the bay(bantry).

Supply and standby vessels serving the gsf artic platform seem to operating out of Liverpool rather than Cork since she has been in stationed out there.

[long range shooter]

Originally Posted by Jambo

Supply and standby vessels serving the gsf artic platform seem to operating out of Liverpool rather than Cork since she has been in stationed out there.

Thats why its cheaper to get cement.baryte.brine.mud etc transported to Liverpool.rather than Cork.
I remember it took many days to wait for a roadtanker from Aberdeen,the last time we supplied a rig outside Killybegs.

[roundymac]

Originally Posted by mp22

To be honest I am surprised that the local and national protest nuts havent started up yet.
Down here they are protesting and having meetings about a new salmon farm in the bay(bantry).

They can protest all they like. The oil is 50kms off shore and that is the nearest it will get to Ireland. It will be pumped directly into a shuttle tanker and taken to Milford Haven to be refined.

[long range shooter]

Originally Posted by roundymac

They can protest all they like. The oil is 50kms off shore and that is the nearest it will get to Ireland. It will be pumped directly into a shuttle tanker and taken to Milford Haven to be refined.

oh no worries there.The last thing i heard they wiill protest against tankers coming to Irish waters(like it never happen?before!!)
They think a new exxon valdes is gonna happen in Irish waters?

[mp22]

Originally Posted by roundymac

They can protest all they like. The oil is 50kms off shore and that is the nearest it will get to Ireland. It will be pumped directly into a shuttle tanker and taken to Milford Haven to be refined.

You would like to thing that whitegate would get a look in.

[Poor Uncle Tom]

Is Whitegate refining much oil now?

[mp22]

I dont know how much they refine per year,but it is working away.
Conocophilips own it and the storage on whiddy island.