By Nick Gill
The Irish Independent has published an article providing an update on the delayed progress of the Shell led Corrib Gas Project in Ireland, which has been surrounded by controversy, including alleged corruption and persistent environmental protests from the outset.
Basically, the good news is that the volume of gas at peak production is projected to be 8pc greater than originally forecast.
The bad news is that the project is likely to end up 12 years behind the original schedule with the total outlay now expected to be four times the original estimate of €800m.
Shell has gained a reputation in recent years of over-promise and under-delivery on major projects. The Corrib project is inline with this record.
The full article can be read here.
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