Asset Report
Corrib
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Vermilion Energy operates the offshore Corrib field, which is Ireland's dominant source of gas supply. Corrib is located around 70 kilometres off the northwest coast of Ireland, in water depths of over 350 metres.In 2023, Equinor completed the US$434 million sale of its 36.5% non-operated stake to Vermilion Energy. Vermilion's interest increased from 20.0% to 56.5%. This deal marked the exit of Majors from the project. Shell previously operated Corrib in 2002-18, before selling its ...
Table of contents
- Summary
- Key Issues
- Licence
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Corporate
- Equinor exit to Vermilion Energy (2021-23)
- Canada Pension Plan Investment Board (CPP Investments (CPPIB)) entry and Shell exit (2018)
- Other historical ownership changes
- Gas quality
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Emissions
- Overview
- Key emissions reduction initiatives
- Corporate strategies
- Renewables hub potential
- Key development metrics
- Future development plans
- Delays to development (to 2015)
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Gas
- To onshore terminal
- From onshore terminal
- Capital costs
- Operating costs
- Cash flow
- Global Economic Model (GEM) file
- Cash Flow
Tables and charts
This report includes the following images and tables:
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Index mapCorrib mapHydrocarbon and reservoir quality
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Key E&A wellsReserves (2P) at 01/01/2026Production (2016-2024)Corrib production profileCapital Costs Pre-2016 to 2024 (US$ million)Operating Costs 2024 to 2033 (US$ million)Annual gas pricesCash Flow (US$)PV Table (US$)
- 7 more item(s)...
What's included
This report contains:
