CREDIT: libin jose via Getty Images.

With the Corrib gas field, which started commercial extraction operations in 2016, now reaching the end of its useful life, researchers have given the group that operates the field several options for its future use.

The operators, Vermilion and Nephin Energy, asked engineering consultancy Worley to assess how best the infrastructure and field, which sits off the west coast of Ireland, can be re-purposed, according to several local media outlets.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The study looked at about 20 options, all involving renewable energy, including wind, wave, energy storage, hydrogen, and various types of e-fuels, trying to identify areas that could then be examined in more detail.

Corrib provides about 20 per cent of Ireland’s annual natural gas, with the rest of the demand met by imports.

According to a Nephin Energy executive, the aim of the research was to identify the most promising proposals, with research taking into account the such factors as existing infrastructure and the local skilled workforce.

The research reported identified several good options, particularly transitioning to wind energy and developing hydrogen power. The operators will now carry out further research themselves to determine viability.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In 2022, Vermilion Energy and Nephin Energy, started looking into the feasibility of a renewable energy hub at Corrib.

The field could still be producing gas for about another five years, but would need large investments and new infrastructure to do so.

In early 2023, Equinor finally closed the sale of non-operated stake of 36.5% in Corrib to Vermilion Energy for total consideration of $434m.