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Displaying items by tag: Providence Resources

The Department of Transport advises that an analogue survey consisting of multibeam, side-scan sonar and magnetometer will be carried out off the South Coast of Ireland by the Marine Institute on behalf of Providence Resources from Saturday 23 to Sunday 31 October, weather permitting.

In addition to the analogue survey, seabed samples and camera imagery will be acquired at approximately 10 stations in the survey area.

The survey will be conducted in Block 48/24 Barryroe, in the North Celtic Basin, around 45–50km from the south coast of Ireland, and will be undertaken by the RV Celtic Voyager (callsign EIQN). The vessel will be towing a side-scan sonar and magnetometer from time to time with cables of up to 300m long.

As this vessel will be restricted in its ability to manoeuvre when surveying, other vessels are requested to keep a wide berth. The vessel will display appropriate lights and signals.

For details of coordinates of the survey area, see Marine Notice No 55 of 2021 which is available to download below.

Published in News Update

#MarineNotice - The survey vessel VOS Sweet (Callsign PCPE) is currently conducting offshore geotechnical and environmental survey operations associated with the proposed Celtic Interconnector on behalf of EirGrid.

The VOS Sweet was set to commence operations yesterday, Monday 18 June, and will operate on a 24-hour daily basis for approximately two weeks in two main corridors off East Cork to three landfall points: Ballinwilling Strand (Ballycotton Bay); Redbarn Beach and Claycastle Beach (Youghal Bay).

The survey is to collect geotechnical data utilising a Vibrocorer (VC) and Cone Penetration Test (CPT) spread and environmental (benthic) data utilising Grab Sampler spread. The survey will be conducted under Foreshore Licence FS006811. Common frequency VHF Channel 16 shall be used throughout the project.

Details of the route centreline co-ordinates as well as intended locations for the VC, CPT and benthic sampling are included in Marine Notice No 26 of 2018, a PDF of which is available to read or download HERE.

Meanwhile, Providence Resources is carrying out a site survey on its FEL 6/14 licence, called Newgrange, situated between the Southern Porcupine and Goban Spur Basins some 260km off the South West Coast.

The eight-day geophysical survey by the MV Kommandor (Callsign MCJO2), was scheduled to commence on Monday, is using dual-frequency side scan sonar, single-beam and multi‐beam echosounders, side scan sonar, sub‐bottom profilers and magnetometer.

Seabed (benthic) samples will also be taken using a box corer or grab as appropriate, and geotechnical sampling will be undertaken with a piston corer to a minimum target depth of 6m below the seabed.

In addition to the above, and to accurately determine potential future drilling hazards over the Newgrange location, the proposed survey will also include a high resolution 2D seismic which is not expected to exceed two days.

Survey operations will be conducted on a 24-hour basis. The MV Kommandor will be displaying shapes and lights prescribed in the International Rules for the Prevention of Collisions at Sea (COLREGS) Rule 27, to indicate that the survey vessel is restricted in its ability to manoeuvre. A listening watch will be maintained on VHF Channel 16, and the vessel will actively transmit an AIS signal.

Co-ordinates and a map of the expected working area are outlined in Marine Notice No 25 of 2018, a PDF of which is available to read or download HERE.

Published in Coastal Notes

#MarineNotice - Providence Resources advises it intends to drill an exploration well in the Southern Porcupine Basin.

Operations were scheduled to begin today (Monday 3 July) to drill the well at a depth of 2,250 metres some 220km off the South West Coast of Ireland.

Drilling is expected to take 60 days to complete, subject to weather and operational delays.

The dynamically positioned drill ship Stena IceMax (Callsign 2FMJ5) will carry out the drilling, supported by platform supply vessels Sjoborg (Callsign OZ-2075), Edda Frende (Callsign LCOB) and Skandi Flora (Callsign LEVX). The emergency rapid response vessel is Esvagt Don (Callsign MZWQ6).

There will be a safety exclusion zone of 500m radius from the drill ship. Regular safety messages will be broadcast on VHF Channel 16 by Esvagt Don throughout the project. Radio navigation warnings will also be issued several times daily by the Irish Coast Guard

All vessels, particularly those engaged in fishing, are requested to give the Stena IceMax and accompanying vessels a wide berth and keep a sharp lookout in the relevant areas.

Full details of the drilling area are included in Marine Notice No 28 of 2017, a PDF of which is available to read or download HERE.

Published in News Update

#Oil&Gas - A drop in exploration costs alongside the fall in commodities prices is driving increased interest in Providence Resources' Barryroe prospect, as The Irish Times reports.

"Work continues with a number of parties to progress the Barryroe farm out to a satisfactory conclusion,” said Tony O’Reilly, chief executive of the Dublin-based oil and gas exploration firm.

It comes more than a year after negotiations over the farm-out of the oil field off Ireland's south coast began, a process that the company said was "taking much longer to achieve" due to unfavourable market conditions.

Studies in 2012 indicated that the Barryroe field could yield as much as 1.6 billion barrels, and be worth many billions to the Irish economy.

The Irish Times has more on the story HERE.

Published in Coastal Notes

#Oil&Gas - Providence Resources is divesting almost a third of its interest in its Spanish Point prospect, as The Irish Times reports.

The Irish oil and gas exploration company intends to sell off a 32% "non-operated interest" in the area off the coast of Co Clare, in the northern part of the Porcupine Basin, which has been shown to hold enormous reserves of oil.

Providence delayed its own exploration at Spanish Point earlier this year due to "unforeseen changes" to its joint venture at the well.

But drilling is now expected to take place in 2017 pending State approval.

The Irish Times has more on the story HERE.

Published in Coastal Notes

#Oil&Gas - Providence Resources has delayed exploration of its Spanish Point well off Co Clare "pending discussions with partners and the Government", as The Irish Times reports.

Already pushed back from last summer due to the longer-than-planned refurbishment of the Blackford Dolphin rig, the Spanish Point option - granted in January last year – was subsequently seismic surveyed for oil and gas condensate in the autumn.

The latest delay, however, comes after "recent unforeseen changes to the make-up of the joint venture".

That's according to Providence chief executive Tony O'Reilly, who adds that discussions with interested third parties for the prospect continue.

The Irish Times has more on the story HERE.

Published in Coastal Notes

#Oil&Gas - Providence Resources is talking positive about its Drombeg prospect off the south-west coast, as The Irish Times reports.

The site in the southern Porcupine Basin was surveyed last summer by the Polarcus Amani, said to be one of the greenest seismic vessels in the world, in what was one of the largest 3D seismic surveys yet carried out off Ireland.

And the preliminary results have revealed "seismic morphologies" that are "consistent with those of a large deep-water fan system".

What's more, the site has already "attracted expressions of interest from a number of major international oil companies," says Providence technical director John O'Sullivan.

The Irish Times has more on the story HERE.

Published in Coastal Notes

#Oil - Providence Resources says it is at "an advanced stage" in negotiations to farm out its Barryroe oil field prospect off Cork, as The Irish Times reports.

Commenting on the Irish energy company's half-year results released today, CEO Tony O'Reilly said the Barryroe project "remains our main priority" – with Providence aiming to return on its investment while retaining "a material stake" in the field, of which is owns 80%.

Last month, as reported on Afloat.ie, the company urged shareholders at its AGM to quell public speculation over any potential deal, which was "taking much longer to achieve" than previously expected.

The Irish Times has more on the story HERE.

Published in Coastal Notes

#Oil - Providence Resources says it is "nearing completion" of its negotiations to secure a farm-out partner for its Barryroe prospect off the Cork coast, as The Irish Times reports.

Speaking at the Irish-based oil and gas company's AGM earlier this week, CEO Tony O'Reilly also urged interested parties to hold off on any public speculation over the deal, which chairman Brian Hillery said was "taking much longer to achieve" due to "the current environment".

"It's not a question of getting a deal, it's getting the right deal," he told shareholders. "Rest assured the farm-out remains the main priority of the company."

That wasn't enough to quell some shareholders' displeasure, however, with one taking Providence to task over the drastic fall in its share price over the last 12 months - in part a result of alleged setbacks to the south coast prospect in January.

The Irish Times has much more on the story HERE.

Published in Coastal Notes

#Oil - Delays in the refurbishing of the Blackford Dolphin oil rig have prompted Providence Resources to push back their appraisal drilling on Spanish Point till 2015, as Business & Leadership reports.

The Irish oil and gas firm was granted a new licensing option for the well some 160km off Spanish Point in Co Clare earlier this year, helping to put the company "in the leading position" in a zone that's rich in undersea hydrocarbons.

However, the Blackford Dolphin, which was scheduled to drill the well this summer, only recently left Belfast after a six-month refurbishment that was originally planned for just six weeks.

And the giant oil rig will no longer be headed for the Clare coast as planned, following the termination of Providence's contract with Dolphin.

With the delays meaning that drilling could not commence till October this year, Providence has chosen to postpone the project till next spring - and will also tender for another rig for the job.

Business & Leadership has more on the story HERE.

Published in Coastal Notes
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Aquaculture Information

Aquaculture is the farming of animals in the water and has been practised for centuries, with the monks farming fish in the middle ages. More recently the technology has progressed and the aquaculture sector is now producing in the region of 50 thousand tonnes annually and provides a valuable food product as well as much needed employment in many rural areas of Ireland.

A typical fish farm involves keeping fish in pens in the water column, caring for them and supplying them with food so they grow to market size. Or for shellfish, containing them in a specialised unit and allowing them to feed on natural plants and materials in the water column until they reach harvestable size. While farming fish has a lower carbon and water footprint to those of land animals, and a very efficient food fed to weight gain ratio compared to beef, pork or chicken, farming does require protein food sources and produces organic waste which is released into the surrounding waters. Finding sustainable food sources, and reducing the environmental impacts are key challenges facing the sector as it continues to grow.

Salmon is the most popular fish bought by Irish families. In Ireland, most of our salmon is farmed, and along with mussels and oysters, are the main farmed species in the country.

Aquaculture in Ireland

  • Fish and shellfish are farmed in 14 Irish coastal counties.
  • Irish SMEs and families grow salmon, oysters, mussels and other seafood
  • The sector is worth €150m at the farm gate – 80% in export earnings.
  • The industry sustains 1,833 direct jobs in remote rural areas – 80% in the west of Ireland
  • Every full-time job in aquaculture creates 2.27 other jobs locally (Teagasc 2015)
  • Ireland’s marine farms occupy 0.0004% of Ireland’s 17,500Km2 inshore area.
  • 83% of people in coastal areas support the development of fish farming
  • Aquaculture is a strong, sustainable and popular strategic asset for development and job creation (Foodwise 2025, National Strategic Plan, Seafood
  • Operational Programme 2020, FAO, European Commission, European Investment Bank, Harvesting Our Ocean Wealth, Silicon Republic, CEDRA)
    Ireland has led the world in organically certified farmed fish for over 30 years
  • Fish farm workers include people who have spent over two decades in the business to school-leavers intent on becoming third-generation farmers on their family sites.

Irish Aquaculture FAQs

Aquaculture, also known as aquafarming, is the farming of aquatic organisms such as fish, crustaceans, molluscs and aquatic plants, and involves cultivating freshwater and saltwater populations under controlled conditions- in contrast to commercial fishing, which is the harvesting of wild fish. Mariculture refers to aquaculture practiced in marine environments and in underwater habitats. Particular kinds of aquaculture include fish farming, shrimp farming, oyster farming, mariculture, algaculture (such as seaweed farming), and the cultivation of ornamental fish. Particular methods include aquaponics and integrated multi-trophic aquaculture, both of which integrate fish farming and plant farming.

About 580 aquatic species are currently farmed all over the world, according to the UN Food and Agriculture Organisation (FAO), which says it is "practised by both some of the poorest farmers in developing countries and by multinational companies".

Increasing global demand for protein through seafood is driving increasing demand for aquaculture, particularly given the pressures on certain commercially caught wild stocks of fish. The FAO says that "eating fish is part of the cultural tradition of many people and in terms of health benefits, it has an excellent nutritional profile, and "is a good source of protein, fatty acids, vitamins, minerals and essential micronutrients".

Aquaculture now accounts for 50 per cent of the world's fish consumed for food, and is the fastest-growing good sector.

China provides over 60 per cent of the world's farmed fish. In Europe, Norway and Scotland are leading producers of finfish, principally farmed salmon.

For farmed salmon, the feed conversion ratio, which is the measurement of how much feed it takes to produce the protein, is 1.1, as in one pound of feed producing one pound of protein, compared to rates of between 2.2 and 10 for beef, pork and chicken. However, scientists have also pointed out that certain farmed fish and shrimp requiring higher levels of protein and calories in feed compared to chickens, pigs, and cattle.

Tilapia farming which originated in the Middle East and Africa has now become the most profitable business in most countries. Tilapia has become the second most popular seafood after crab, due to which its farming is flourishing. It has entered the list of best selling species like shrimp and salmon.

There are 278 aquaculture production units in Ireland, according to Bord Iascaigh Mhara (BIM) *, producing 38,000 tonnes of finfish and shellfish in 2019 and with a total value of €172 million

There are currently almost 2,000 people directly employed in Irish aquaculture in the Republic, according to BIM.

BIM figures for 2019 recorded farmed salmon at almost 12,000 tonnes, valued at €110 million; rock oysters reached 10,300 tonnes at a value of €44 million; rope mussels at 10,600 tonnes were valued at €7 million; seabed cultured mussels at 4,600 tonnes were valued at €7 million; "other" finfish reached 600 tonnes, valued at €2 million and "other" shellfish reached 300 tonnes, valued at €2 million

Irish aquaculture products are exported to Europe, US and Asia, with salmon exported to France, Germany, Belgium and the US. Oysters are exported to France, with developing sales to markets in Hong Kong and China. France is Ireland's largest export for mussels, while there have been increased sales in the domestic and British markets.

The value of the Irish farmed finfish sector fell by five per cent in volume and seven per cent in value in 2019, mainly due to a fall on salmon production, but this was partially offset by a seven per cent increased in farmed shellfish to a value of 60 million euro. Delays in issuing State licenses have hampered further growth of the sector, according to industry representatives.

Fish and shellfish farmers must be licensed, and must comply with regulations and inspections conducted by the Sea Fisheries Protection Authority and the Marine Institute. Food labelling is a function of the Food Safety Authority of Ireland. There is a long backlog of license approvals in the finfish sector, while the Department of Agriculture, Food and Marine says it is working to reduce the backlog in the shellfish sector.

The department says it is working through the backlog, but notes that an application for a marine finfish aquaculture licence must be accompanied by either an Environmental Impact Statement (EIS) or an Environmental Impact Assessment Report (EIAR). As of October 2020, over two-thirds of applications on hand had an EIS outstanding, it said.

The EU requires member states to have marine spatial plans by 2021, and Ireland has assigned responsibility to the Department of Housing, Planning and Local Government for the National Marine Planning Framework (NMPF). Legislation has been drawn up to underpin this, and to provide a "one stop shop" for marine planning, ranging from fish farms to offshore energy – as in Marine Planning and Development Management Bill. However, the Department of Agriculture, Food and Marine confirmed last year that it intends to retain responsibility for aquaculture and sea-fisheries related development – meaning fish and shellfish farmers won't be able to avail of the "one stop shop" for marine planning.

Fish and shellfish health is a challenge, with naturally occurring blooms, jellyfish and the risk of disease. There are also issues with a perception that the sector causes environmental problems.

The industry has been on a steep learning curve, particularly in finfish farming, since it was hailed as a new future for Irish coastal communities from the 1970s – with the State's Electricity Supply Board being an early pioneer, and tobacco company Carrolls also becoming involved for a time. Nutrient build up, which occurs when there is a high density of fish in one area, waste production and its impact on depleting oxygen in water, creating algal blooms and "dead zones", and farmers' use of antibiotics to prevent disease have all been concerns, and anglers have also been worried about the impact of escaped farmed salmon on wild fish populations. Sea lice from salmon farmers were also blamed for declines in sea trout and wild salmon in Irish estuaries and rivers.

BIM says over 95% of all salmon farmed in Ireland are certified organic. Organically grown salmon are only fed a diet of sustainable organic feed. They are also raised in more spacious pens than traditional farmed salmon. The need to site locations for fish farms further out to sea, using more robust cages for weather, has been recognised by regulatory agencies. There is a move towards land-based aquaculture in Norway to reduce impact on local ecosystems. The industry says that antibiotic use is declining, and it says that "safe and effective vaccinations have since been developed for farmed fish and are now widely used". Many countries are now adopting a more sustainable approach to removing sea lice from salmon, using feeder fish such as wrasse and lumpsucker fish. Ireland's first lumpsucker hatchery was opened in 2015.

BIM says over 95% of all salmon farmed in Ireland are certified organic. Organically grown salmon are only fed a diet of sustainable organic feed. They are also raised in more spacious pens than traditional farmed salmon. The need to site locations for fish farms further out to sea, using more robust cages for weather, has been recognised by regulatory agencies. There is a move towards land-based aquaculture in Norway to reduce impact on local ecosystems. The industry says that antibiotic use is declining, and it says that "safe and effective vaccinations have since been developed for farmed fish and are now widely used". Many countries are now adopting a more sustainable approach to removing sea lice from salmon, using feeder fish such as wrasse and lumpsucker fish. Ireland's first lumpsucker hatchery was opened in 2015.

Yes, as it is considered to have better potential for controlling environmental impacts, but it is expensive. As of October 2020, the department was handling over 20 land-based aquaculture applications.

The Irish Farmers' Association has represented fish and shellfish farmers for many years, with its chief executive Richie Flynn, who died in 2018, tirelessly championing the sector. His successor, Teresa Morrissey, is an equally forceful advocate, having worked previously in the Marine Institute in providing regulatory advice on fish health matters, scientific research on emerging aquatic diseases and management of the National Reference Laboratory for crustacean diseases.

BIM provides training in the national vocational certificate in aquaculture at its National Fisheries College, Castletownbere, Co Cork. It also trains divers to work in the industry. The Institute of Technology Carlow has also developed a higher diploma in aqua business at its campus in Wexford, in collaboration with BIM and IFA Aquaculture, the representative association for fish and shellfish farming.

© Afloat 2020

At A Glance - Irish Aquaculture

  • Fish and shellfish are farmed in 14 Irish coastal counties
  • Salmon is the most popular fish bought by Irish families. 
  • In Ireland, most of our salmon is farmed, and along with mussels and oysters, are the main farmed species in the country.
  • The industry sustains 1,833 direct jobs in remote rural areas – 80% in the west of Ireland
  • Every full-time job in aquaculture creates 2.27 other jobs locally (Teagasc 2015)
  • Ireland’s marine farms occupy 0.0004% of Ireland’s 17,500Km2 inshore area.
  • 83% of people in coastal areas support the development of fish farming

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