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Displaying items by tag: Porcupine Blight

#COASTAL NOTES - Oil exploration company Petrel Resources has identified a number of new targets off the southwest coast of Ireland as it seeks bigger partners for its venture.

The Irish Times reports that the Dublin-based firm was awarded licensing options over 1,400 sq km of the Porcupine Basin or Porcupine Blight in the Atlantic Ocean, west of Dursey Island in Co Kerry.

It has since completed two phases of work in the area, and says technical studies of its blocks in the northern and eastern parts of the basin, where is is testing for the presence of reservoir sands, were "encouraging".

The announcement comes following the success of Providence Resources' prospect in the Celtic Sea off the south coast.

As previously reported on Afloat.ie, the Barryroe field may deliver in excess of 2 billion barrels of oil, a flow expected to be worth billions of euro to the Irish economy in future years.

The Irish Times has more on the story HERE.

Published in Coastal Notes

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Stena Line is one of Europe's leading ferry companies with 37 vessels and 17 routes in Northern Europe operating 25,000 sailings each year. Stena Line is an important part of the European logistics network and develops new intermodal freight solutions by combining transport by rail, road and sea. Stena Line also plays an important role for tourism in Europe with its extensive passenger operations. The company is family-owned, was founded in 1962 and is headquartered in Gothenburg. Stena Line has 4,300 employees and an annual turnover of 14 billion SEK.