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New gas fields found in Ireland

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Irish Business News Discussion:     New gas fields found in Ireland

Island Oil and Gas, the Irish exploration company, have discovered another new gas field off the Cork coast. A well in the Schull Field had successfully tested dry gas at a rate of 21 million standard cubic feet per day.
“We are delighted with the positive drilling results from Schull which have added a new dimension to the Celtic Sea gas play in an area that had previously remained under-explored. Our 2006 and 2007 drilling programmes have delivered four successful gas wells which now form the basis for growing our Celtic Sea gas business.”
said Island Oil and gas chief Paul Griffiths
The company has now commissioned at study at their successful finds at Schull, Old Head and West Seven Heads gas fields. One option would to be use at least one of the gas fields as a gas storage facility to allow for an increase in winter gas production at a time when gas prices are traditionally higher.

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