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Displaying items by tag: Irish Offshore Operators Association (IOAA)

12th November 2010

Potential Oil-Field off Dalkey

In an update issued last week by Providence Resources, it was revealed that its exploration well located 10-miles off the exclusive Dublin Bay suburb of Dalkey has a presence of potential direct hydrocarbons, according to a report in The Sunday Times.

"It's another evaluation process which is positive, an encouraging tick in the box. But ultimately it's only exploration-it has to be drilled", said Tony O'Reilly, CEO of Providence. "I'm hoping that'll be 2011, as part of our overall multi-basin programme in Ireland. We've a big programme of activity and the Dalkey Island (Prospect) will be part of that", he added.

The advantage of any potential oil find at the Dalkey Prospect is that the block well is in shallow waters up to 25-metres, compared to Providence deeper offshore projects of Dunquin and Spanish Point. Another factor in drilling off Dublin Bay is that operations are cheaper and safer. The naming of the exploration site after Dalkey, reflects the Kish Basin's relative geographical proximity to that particular stretch of coastline, marking the southern approaches to Dublin Port.

The optimism expressed about the Kish Bank Basin exploration and other fields must be put into context based on the previous track record of drilling around the Irish coast. The Irish Offshore Operators'Association (IOAA) has pointed out that the exploration industry has spent some €3 billion on around 130 drill-well testing sites since 1970, to little effect. The cost of a well operation off the west coast is over €50m and with such high investment, only up to two wells are carried out annually. Of the commercially viable wells, just four-fields have been exploited, but all are gas-based.

The IOAA says that there is potential but there needs to be more exploration activity. In 2009, only two bids for exploration licences were made, compared to 350 offers sought in UK waters. The association blames the lack of exploration due to delays experienced at the Corrib field, an absence of infrastructural development and expensive operating costs.

The association says the rewards are great, citing the Department of Energy's estimate of recoverable reserves of 10 billion barrels of oil. At that amount, the figure is 100 times the state's annual energy consumption of both oil and gas.

Published in Coastal Notes

The Half Ton Class was created by the Offshore Racing Council for boats within the racing band not exceeding 22'-0". The ORC decided that the rule should "....permit the development of seaworthy offshore racing yachts...The Council will endeavour to protect the majority of the existing IOR fleet from rapid obsolescence caused by ....developments which produce increased performance without corresponding changes in ratings..."

When first introduced the IOR rule was perfectly adequate for rating boats in existence at that time. However yacht designers naturally examined the rule to seize upon any advantage they could find, the most noticeable of which has been a reduction in displacement and a return to fractional rigs.

After 1993, when the IOR Mk.III rule reached it termination due to lack of people building new boats, the rule was replaced by the CHS (Channel) Handicap system which in turn developed into the IRC system now used.

The IRC handicap system operates by a secret formula which tries to develop boats which are 'Cruising type' of relatively heavy boats with good internal accommodation. It tends to penalise boats with excessive stability or excessive sail area.

Competitions

The most significant events for the Half Ton Class has been the annual Half Ton Cup which was sailed under the IOR rules until 1993. More recently this has been replaced with the Half Ton Classics Cup. The venue of the event moved from continent to continent with over-representation on French or British ports. In later years the event is held biennially. Initially, it was proposed to hold events in Ireland, Britain and France by rotation. However, it was the Belgians who took the ball and ran with it. The Class is now managed from Belgium. 

At A Glance – Half Ton Classics Cup Winners

  • 2017 – Kinsale – Swuzzlebubble – Phil Plumtree – Farr 1977
  • 2016 – Falmouth – Swuzzlebubble – Greg Peck – Farr 1977
  • 2015 – Nieuwport – Checkmate XV – David Cullen – Humphreys 1985
  • 2014 – St Quay Portrieux – Swuzzlebubble – Peter Morton – Farr 1977
  • 2013 – Boulogne – Checkmate XV – Nigel Biggs – Humphreys 1985
  • 2011 – Cowes – Chimp – Michael Kershaw – Berret 1978
  • 2009 – Nieuwpoort – Général Tapioca – Philippe Pilate – Berret 1978
  • 2007 – Dun Laoghaire – Henri-Lloyd Harmony – Nigel Biggs – Humphreys 1980~
  • 2005 – Dinard – Gingko – Patrick Lobrichon – Mauric 1968
  • 2003 – Nieuwpoort – Général Tapioca – Philippe Pilate – Berret 1978

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