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Displaying items by tag: prospect

#Oil&Gas - Fastnet Oil & Gas has been awarded a new licensing option in the North Celtic Sea off the Cork coast.

The East Mizzen option covers a number of blocks in the Mizzen Basin, plus the western end of the North Celtic Sea Option, covering a tittle area of 1,155 sq km and contiguous with the previously awarded Mizzen option.

The 18-month option requires the reprocessing of a minimum of 400km of existing 2D seismic data, which has indicated the presence of light oil in some areas.

Fastnet managing director Paul Griffiths commented: "We are delighted to have added to our inventory of material prospective structures in the Mizzen area ... This has allowed us to capitalise on the interest being shown by the industry in our farm-out process in this particularly under-explored, yet highly prospective, basin.

"It has also allowed us to maximise the value of our on-going 3D seismic acquisition by creating 'running room' for potential farminees that have identified the Mizzen Basin as a new emerging shallow water exploration province offshore Ireland."

Earlier this year, as reported on Afloat.ie, Fastnet executed its exclusive option agreement to farm into its nearby Deep Kinsale Prospect, with plans to drill the prospect in 2014.

Published in Coastal Notes

#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

#COASTAL NOTES - Providence Resources has found light out with its first appraisal well off the south coast of Ireland, Offshore reports.

The company's semi-submersible GSF Arctic III drilled a well in 100m water to a depth of more than 2km on its Barryroe structure in the north Celtic Sea.

Indications of hydrocarbons were noted during the drilling, and further tests have confirmed the presence of 12.5m of 'net pay' (the thickness of rock that can deliver oil at a profitable rate) with as much as 87% hydrocarbon saturation.

The next stage will be a well flow test programme to determine whether future oil extraction can proceed.

“The confirmation of high quality light oil within a porous and potentially laterally extensive sandstone system is extremely encouraging," said technical director John O'Sullivan.

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

Offshore has more on the story HERE.

Published in Coastal Notes
A company controlled by Irish tycoon Tony O'Reilly has identified Dublin Bay as a major oil prospect. The 'Dalkey Island' prospect, a resource under the Kish Bank, could yield up to 870 million barrels, worth approximately $74billion. The resource is just 10kms off the east coast of Ireland, in shallow water on the Kish Bank.

“We are delighted to confirm that our ongoing analysis of the Kish Bank Basin has revealed the presence of a large untested structure that warrants further investigation," said O'Reilly.

"The Dalkey Island exploration prospect presents the potential for a large oil accumulation in shallow water off the east coast of Ireland. The partners have agreed on a focused work programme aimed at further de-risking this prospect, prior to any drilling programme."

The company, a partner of Malaysian Petrol outfit Petronas, has also identified the bank as a prospect for carbon sequestration storage, with a capacity of up to 270 million tonnes of gas.

A link to the full release is here. (pdf download)

Published in Marine Warning

Dublin Bay 21s

An exciting new project to breathe life into six defunct 120-year-old Irish yachts that happen to be the oldest intact one-design keelboat class in the world has captured the imagination of sailors at Ireland's biggest sailing centre. The birthplace of the original Dublin Bay 21 class is getting ready to welcome home the six restored craft after 40 years thanks to an ambitious boat building project was completed on the Shannon Estuary that saved them from completely rotting away.

Dublin Bay 21 FAQs

The Dublin Bay 21 is a vintage one-design wooden yacht designed for sailing in Dublin Bay.

Seven were built between 1903 and 1906.

As of 2020, the yachts are 117 years old.

Alfred Mylne designed the seven yachts.

The total voting population in the Republic's inhabited islands is just over 2,600 people, according to the Department of Housing.

Dublin Bay Sailing Club (DBSC) commissioned the boat to encourage inexpensive one-design racing to recognise the success of the Water Wag one-design dinghy of 1887 and the Colleen keelboat class of 1897.

Estelle built by Hollwey, 1903; Garavogue built by Kelly, 1903; Innisfallen built by Hollwey, 1903.; Maureen built by Hollwey, 1903.; Oola built by Kelly, 1905; Naneen built by Clancy, 1905.

Overall length- 32'-6', Beam- 7'-6", Keel lead- 2 tons Sail area - 600sq.ft

The first race took place on 19 June 1903 in Dublin Bay.

They may be the oldest intact class of racing keelboat yacht in the world. Sailing together in a fleet, they are one of the loveliest sights to be seen on any sailing waters in the world, according to many Dublin Bay aficionados.

In 1964, some of the owners thought that the boats were outdated, and needed a new breath of fresh air. After extensive discussions between all the owners, the gaff rig and timber mast was abandoned in favour of a more fashionable Bermudan rig with an aluminium mast. Unfortunately, this rig put previously unseen loads on the hulls, resulting in some permanent damage.

The fleet was taken out of the water in 1986 after Hurricane Charlie ruined active Dublin Bay 21 fleet racing in August of that year. Two 21s sank in the storm, suffering the same fate as their sister ship Estelle four years earlier. The class then became defunct. In 1988, master shipwright Jack Tyrrell of Arklow inspected the fleet and considered the state of the hulls as vulnerable, describing them as 'still restorable even if some would need a virtual rebuild'. The fleet then lay rotting in a farmyard in Arklow until 2019 and the pioneering project of Dun Laoghaire sailors Fionan De Barra and Hal Sisk who decided to bring them back to their former glory.

Hurricane Charlie finally ruined active Dublin Bay 21 fleet racing in August 1986. Two 21s sank in the storm, suffering the same fate as a sister ship four years earlier; Estelle sank twice, once on her moorings and once in a near-tragic downwind capsize. Despite their collective salvage from the sea bed, the class decided the ancient boats should not be allowed suffer anymore. To avoid further deterioration and risk to the rare craft all seven 21s were put into storage in 1989 under the direction of the naval architect Jack Tyrrell at his yard in Arklow.

While two of the fleet, Garavogue and Geraldine sailed to their current home, the other five, in various states of disrepair, were carried the 50-odd miles to Arklow by road.

To revive the legendary Dublin Bay 21 class, the famous Mylne design of 1902-03. Hal Sisk and Fionan de Barra are developing ideas to retain the class's spirit while making the boats more appropriate to today's needs in Dun Laoghaire harbour, with its many other rival sailing attractions. The Dublin Bay 21-foot class's fate represents far more than the loss of a single class; it is bad news for the Bay's yachting heritage at large. Although Dún Laoghaire turned a blind eye to the plight of the oldest intact one-design keelboat fleet in the world for 30 years or more they are now fully restored.

The Dublin Bay 21 Restoration team includes Steve Morris, James Madigan, Hal Sisk, Fionan de Barra, Fintan Ryan and Dan Mill.

Retaining the pure Mylne-designed hull was essential, but the project has new laminated cold-moulded hulls which are being built inverted but will, when finished and upright, be fitted on the original ballast keels, thereby maintaining the boat’s continuity of existence, the presence of the true spirit of the ship.

It will be a gunter-rigged sloop. It was decided a simpler yet clearly vintage rig was needed for the time-constrained sailors of the 21st Century. So, far from bringing the original and almost-mythical gaff cutter rig with jackyard topsail back to life above a traditionally-constructed hull, the project is content to have an attractive gunter-rigged sloop – “American gaff” some would call it.

The first DB 21 to get the treatment was Naneen, originally built in 1905 by Clancy of Dun Laoghaire for T. Cosby Burrowes, a serial boat owner from Cavan.

On Dublin Bay. Dublin Bay Sailing Club granted a racing start for 2020 Tuesday evening racing starting in 2020, but it was deferred due to COVID-19.
Initially, two Dublin Bay 21s will race then three as the boat building project based in Kilrush on the Shannon Estuary completes the six-boat project.
The restored boats will be welcomed back to the Bay in a special DBSC gun salute from committee boat Mac Lir at the start of the season.
In a recollection for Afloat, well known Dun Laoghaire one-design sailor Roger Bannon said: "They were complete bitches of boats to sail, over-canvassed and fundamentally badly balanced. Their construction and design was also seriously flawed which meant that they constantly leaked and required endless expensive maintenance. They suffered from unbelievable lee helm which led to regular swamping's and indeed several sinkings.

©Afloat 2020