THE operator of the Corrib gas field off the west coast of Ireland has cut the value of the asset due to falling gas prices.
Accounts for Vermilion Exploration and Production Ireland reveal that a €5.7m non-cash impairment was shouldered against the gas field in the first quarter of this year. That followed a €2.3m non-cash impairment of the assets in the final quarter of 2019.
News Release - Issued by Shell to Sea - April 12th, 2015 - For immediate release
-- Shell to Sea send submission on RTE's Public Service Statement --
Shell to Sea have today sent in a submission to RTE as part of RTE's public consultation on the updating of their Public Service Statement [1]. In the submission, Shell to Sea claimed that RTE had failed to inform the public in an honest and balanced manner on the Corrib Gas project.