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#COASTAL NOTES - Providence Resources has struck big off the south coast of Cork with an oil flow that could be worth billions of euro to the beleaguered Irish economy.

According to the Guardian, the Dublin-based company announced yesterday that oil had started to flow successfully from its Barryroe structure in the north Celtic Sea at nearly twice the rate previously projected.

Providence Resources CEO Tony O'Reilly Jr said the discovery was a "seminal day for Ireland, especially in the runup to St Patrick's Day."

Last month the firm had confirmed the presence of light oil with its first appraisal well at the site, a situation described by its technical director as "extremely encouraging".

Now that a steady flow has been achieved, future extraction from the oil field - comparable to a medium-to-large North Sea field - can surely proceed, which now puts pressure on the Government to grand permission for further exploration around the Irish coast.

As previously reported on Afloat.ie, plans by Providence Rescources to prospect for oil on the east coast off Dalkey Island have been met with fierce opposition by mainland residents and environmental groups.

The Guardian has much more on the story HERE.

Published in Coastal Notes

About World Ocean Day 

World Ocean Day is celebrated annually on June 8th to highlight the important role the ocean has for our life and the planet. The focus each year is on the 30x30 campaign: to create a healthy ocean with abundant wildlife and to stabilise the climate, it is critical that 30% of our planet’s lands, waters, and oceans are protected by 2030.  

One of the issues affecting our ocean is marine litter which has become a global problem for both humans and marine life. However, communities around Ireland have demonstrated their desire to be part of the solution by taking part in several beach cleaning and clean-up calls to action. 

Statistics show that the number one cause of marine litter is litter dropped in towns and cities.

In 2021, the initiative changed its name from “World Oceans Day” to “World Ocean Day”. By dropping the “s”, its organisers wanted to highlight the fact that we are all connected by a large ocean. This shared ocean supports all life on the planet, by producing most of the oxygen we breathe and regulating climate. No matter where we live, we all depend on the ocean to survive.

This means that each piece of marine litter removed from a beach, river, lake, park or street in Ireland, will have a positive impact on a global scale.

At A Glance - World Ocean Day is on June 8th each year

United Nations World Ocean Day is celebrated annually on June 8th to highlight the important role the ocean has for our life and the planet.

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