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Major Oil Find Off Cork Coast May Be Four Times Bigger Than Expected

25th July 2012
Major Oil Find Off Cork Coast May Be Four Times Bigger Than Expected

#COASTAL NOTES - Providence Resourses has announced that its Barryroe oil field off the south coast may be as much as four times larger than anticipated, according to The Irish Times.

Afloat.ie previously reported on the Irish mineral exploration group's discovery in April this year, when the company confirmed the presence of light oil with an appraisal well at the site in the north Celic Sea.

Then on 15 March the firm announced that oil had begun to flow successfully from the Barryroe structure at a rate that could be worth billions of euro to the Irish economy.

The latest news suggests it could be worth even more over a longer period of time, as data compiled from six test wells on the site along with seismic data have led experts to estimate the field contains between 1 and 1.6 billion barrels of oil.

“It is clear that Barryroe is a substantial oil accumulation across multiple stacked horizons with much running room for further resource growth," said Providence chief executive Tony O'Reilly Jr.

The company also expects to begin explorations off Dalkey Island in Co Dublin by the end of the year, pending approval of its foreshore permit.

The so-called 'Dalkey Island prospect' has sparked much debate about its potential risks and benefits among the local community.

Published in Coastal Notes
MacDara Conroy

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MacDara Conroy

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MacDara Conroy is a contributor covering all things on the water, from boating and wildlife to science and business

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Coastal Notes Coastal Notes covers a broad spectrum of stories, events and developments in which some can be quirky and local in nature, while other stories are of national importance and are on-going, but whatever they are about, they need to be told.

Stories can be diverse and they can be influential, albeit some are more subtle than others in nature, while other events can be immediately felt. No more so felt, is firstly to those living along the coastal rim and rural isolated communities. Here the impact poses is increased to those directly linked with the sea, where daily lives are made from earning an income ashore and within coastal waters.

The topics in Coastal Notes can also be about the rare finding of sea-life creatures, a historic shipwreck lost to the passage of time and which has yet many a secret to tell. A trawler's net caught hauling more than fish but cannon balls dating to the Napoleonic era.

Also focusing the attention of Coastal Notes, are the maritime museums which are of national importance to maintaining access and knowledge of historical exhibits for future generations.

Equally to keep an eye on the present day, with activities of existing and planned projects in the pipeline from the wind and wave renewables sector and those of the energy exploration industry.

In addition Coastal Notes has many more angles to cover, be it the weekend boat leisure user taking a sedate cruise off a long straight beach on the coast beach and making a friend with a feathered companion along the way.

In complete contrast is to those who harvest the sea, using small boats based in harbours where infrastructure and safety poses an issue, before they set off to ply their trade at the foot of our highest sea cliffs along the rugged wild western seaboard.

It's all there, as Coastal Notes tells the stories that are arguably as varied to the environment from which they came from and indeed which shape people's interaction with the surrounding environment that is the natural world and our relationship with the sea.

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