Corrib Terminal Given Go-Ahead

The Irish local authorities have given the green light for building a gas receiving terminal for the Corrib development off the west coast. This approval is subject to the statutory appeals process. The terminal will be built at Bellanaboy Bridge on the County Mayo coast. According to the partners, particular attention has been paid to protecting the local environment in choosing this site. Approved in February, plans for Corrib call for seven subsea wells in 1,150 feet of water. These will be tied back directly by pipeline to the land terminal.

Treated gas will enter Ireland's existing gas transport network, with state-owned Bord Gais Eireann responsible for ensuring that the national infrastructure has been expanded in time. Corrib is due to come on stream in 2003, and will deliver roughly 8.9 million cubic meters of gas per day once plateau production is reached the following year. The field contains approximately 20-24 billion cubic meters of gas. This will be consumed entirely in Ireland.

Statoil has a 36.5 percent interest in this field, which is operated by Enterprise Oil with 45 percent interest and Marathon holds the remaining 18.5 percent.