How Much Oil Reserves Does Ireland Have?

Thargor · 11-02-2010 10:49PM #1

Just watching that Shell to Sea thing on TV3 but I missed the start. How much oil and gas do we have and what kind of deals have been struck with Shell and others? I googled it but most of the sources of info are dubious. Is it in the trillions? Are we to going to see any of that or are Shell going to "steal" it as the protesters claim? Theres literally no info to be had online.

Voltex · 11-02-2010 10:52PM

....yep...theres a trillion billion million quadrillion barrels of gas out there.

My name is URL · 11-02-2010 10:54PM

At least 90 days supply

Arising from membership of both the European Union (EU) and the International Energy Agency (IEA), Ireland has obligations to maintain 90 day reserves of national strategic stocks.

http://www.dcenr.gov.ie/Energy/Oil+Supply+Division/Ireland+s+Current+Stock+Levels.htm

admiralofthefleet · 11-02-2010 10:55PM

look under economy here

Agricola · 11-02-2010 10:56PM

I heard awhile back that we practically have no reserves. We are effectively living hand to mouth when it comes to these resources. Given our size and what are probably half arsed policies from government, its no surprise.
Cant back this up with stats. Just heard it on some debate on morning radio.

antodeco · 11-02-2010 11:13PM

Oil bet it's not much

DamoDLK · 11-02-2010 11:15PM

antodeco wrote: »

Oil bet it's not much

Dunno but Oil says its not much either.

11-02-2010 11:15PM

antodeco wrote: »

Oil bet it's not much

That's gas

Pride Fighter · 11-02-2010 11:19PM

The Corrib field has 40 billion worth I think, or maybe 4. I'm not sure which.

DogmaticLefty · 11-02-2010 11:20PM

The answer is 0. Shell own all the rights.

DamoDLK · 11-02-2010 11:21PM

DogmaticLefty wrote: »

The answer is 0. Shell own all the rights.

Prove it?

bonerm · 11-02-2010 11:21PM

My name is URL wrote: »

At least 90 days supply

Yes and all of it held in Gerry Ryans hair.

Should he die suddenly then, as I understand it, we don't have a plan B.

pirelli · 11-02-2010 11:52PM

There is at least 6 billion euros of oil off the coast of Kerry. There is more than likely a fair few gas fields out there and we were recently granted an generous extension to our international sea boundary. There is most likely a huge reserve of oil far off the coast.

There is also meant to be some type of commodity near the north rock.

Irleand probably certainly has gold zinc silver and lead... and who knows what rare earth minerals we have that might be worth a fortune.

bonerjams03 · 11-02-2010 11:55PM

pirelli wrote: »

Irleand probably certainly has gold zinc silver and lead... and who knows what rare earth minerals we have that might be worth a fortune.

Now we know for sure...

jumpguy · 12-02-2010 12:13AM

DamoDLK wrote: »

Prove it?

Watched the news over the past 2 year...ever? The Irish government gave Shell the contract to basically collect and use Irish offshore oil for some amount of millions. Essentially, what we did was go for the short-term boost in revenue rather than harvesting the oil and making money on it. Then again, maybe the government reckoned the cost of getting the infrastructure set up for it didn't warrant the gain.

Wazdakka · 12-02-2010 12:19AM

IRcolm wrote: »

Now we know for sure...

I hear we almost defiantly might have large deposits of unobtanium hidden in the cliffs of the wicklow coast as well.

Thargor · 12-02-2010 12:19AM

Is there any source for that information? As in a link?

EDIT: @ the people saying its all been handed over to Shell.

pirelli · 12-02-2010 12:22AM

pirelli wrote: »

Irleand probably certainly has gold zinc silver and lead... and who knows what rare earth minerals we have that might be worth a fortune.

IRcolm wrote: »

Now we know for sure...

Possibily there are rare earth minerals and certainly we have many other commodities.

MayoForSam · 12-02-2010 12:25AM

Plenty of snake oil in reserve beneath Dail Eireann apparently.

pirelli · 12-02-2010 12:26AM

Wazdakka wrote: »

I hear we almost defiantly might have large deposits of unobtanium hidden in the cliffs of the wicklow coast as well.

We definitely don't. How is it cool to screw up your spelling in a vain attempt to undermine my typo.

jaykay74 · 12-02-2010 12:30AM

Thargor wrote: »

what kind of deals have been struck with Shell and others?

a deal involving magic beans.

fat liar · 12-02-2010 12:38AM

The protests cost the taxpayers 11 million! That could fill some ball of potholes!

Ruen · 12-02-2010 12:40AM

Shell doesnt have to pay us any royalties on our gas thanks to a great deal done on our behalf by Ray Burke the dirty Fianna Fail convict.

mickdw · 12-02-2010 01:06AM

ok the deal was pretty crap but at that time, we didnt have any money to go searching for oil off the coast. I guess the government figured that the employment & security of supply that any find would provide was payment enough, not to mention the taxes that will be paid on profits made after capital costs have been covered.

fat liar · 12-02-2010 01:08AM

I think the reasons for this plant far out way any reason against.

Tigger · 12-02-2010 01:14AM

fat liar wrote: »

I think the reasons for this plant far out way any reason against.

you're a fat liar

fat liar · 12-02-2010 01:17AM

Ha ha

Overheal · 12-02-2010 01:17AM

Why do you think I was stationed out in Clare for so many years?

>_>

<_<

80 million barrels. Low priority. Abort! Abort!

Son Of A Vidic · 12-02-2010 01:27AM

Well with the Saps in the Dail, we'll never utilise our natural resources properly. We are an island nation with just one national marine research vessel, that's how forward planning our governments have been over the years. Have a look at the link below it might give a clear answer to the OP.

http://www.independent.ie/national-news/ireland-on-the-verge-of-an-oil-and-gas-bonanza-679889.html

DamoDLK · 12-02-2010 01:30AM

jumpguy wrote: »

Watched the news over the past 2 year...ever? The Irish government gave Shell the contract to basically collect and use Irish offshore oil for some amount of millions. Essentially, what we did was go for the short-term boost in revenue rather than harvesting the oil and making money on it. Then again, maybe the government reckoned the cost of getting the infrastructure set up for it didn't warrant the gain.

I asked the other chap to prove it (deliberately) He said "they own all the rights"

I'm quite aware of the situation, I do raise an eyebrow over your contract point, which I believe is flippant (purely from a legal point of view)

Guy:Incognito · 12-02-2010 01:31AM

mickdw wrote: »

ok the deal was pretty crap but at that time, we didnt have any money to go searching for oil off the coast. I guess the government figured that the employment & security of supply that any find would provide was payment enough, not to mention the taxes that will be paid on profits made after capital costs have been covered.

After hours talking sense fail!

Schoolboy error mick, only witty retorts and anti FF messages may be posted here.

How Much Oil Reserves Does Ireland Have?

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