Asset Report

Corrib

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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, Corrib produced about 110 mmcfd, which is around a third of its peak output in 2017. Operations began in 2015 after more than a decade of regulatory delays and cost overruns. Aggregate capital expenditure to start-up was almost US$4 billion (nominal terms).In 2023, ...

Table of contents

  • Key facts
    • Summary
    • Key issues
  • Location maps
    • Licence
    • 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
    • Overview
    • Reservoir
    • Gas quality
  • Well data
    • Corrib
      • Discovery
      • Initial appraisal
    • Future appraisal activity
    • Gas
      • In place volumes
      • Reported reserves
    • Emissions
      • Overview
      • Key emissions reduction initiatives
      • Corporate strategies
      • Renewables hub potential
    • Key development metrics
    • Future development plans
    • Delays to development (to 2015)
    • Gas
      • To onshore terminal
      • From onshore terminal
  • Costs
  • Sales contracts
  • Fiscal and regulatory
    • Cash flow
    • Discount rate and date
    • Inflation rate
    • Oil price
    • Gas price
    • Exchange rate
    • Global Economic Model (GEM) file
  • Economic analysis

Tables and charts

This report includes 23 images and tables including:

  • Key facts: Table 1
  • Index map
  • Corrib map
  • Well data: Table 1
  • Production: Table 1
  • Production: Table 2
  • Corrib production profile
  • Capital costs
  • Costs: Table 2
  • Operating costs
  • Sales contracts: Table 1
  • Cash Flow
  • Economic analysis: Table 2
  • Economic analysis: Table 3
  • Split of Revenues
  • Cumulative Net Cash Flow - Undiscounted
  • Cumulative Net Cash Flow - Discounted at 10% from 01/01/2024
  • Remaining Revenue Distribution (Discounted at 10% from 01/01/2024)
  • Remaining Present Value Price Sensitivities
  • Geology: Table 1
  • Participation: Table 1
  • Reserves and resources: Table 1
  • Infrastructure: Table 1

What's included

This report contains:

  • Document

    Corrib

    PDF 4.49 MB

  • Document

    Corrib

    XLS 716.00 KB