

The costs of the Corrib gas project are set to top €3.6bn by the end of this year, more than four times the original estimate of €800m.
Gordon Deegan: Wednesday, November 18, 2015
Yesterday, operator Shell E&P Ltd confirmed that the 2015 spend by the Corrib partners on the field will be €260m.
Some €320m was spent last year, as total costs approach €3.6bn by the end of 2015.
A spokesman for Shell Ireland said: “As construction of the Corrib development is essentially completed, the capital investment in the project will reduce significantly from 2016 onwards.
“The Corrib facilities have been technically ready to start up since September 1 last.
“After what has been a protracted development phase, Shell is understandably eager to start producing gas as soon as possible. read more
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