Country Report
Ireland upstream summary
Report summary
Ireland has five onstream gas fields: Kinsale Head, South West Kinsale, Ballycotton, Seven Heads, and Corrib. Start-up of the latter in 2015 has reversed the decline in domestic gas production, and accounts for around 80% of total gas output. At present, there are no producing oil fields in Ireland; however, start-up of the offshore Barryroe field is expected in the early 2020s. Frontier exploration projects, involving several Majors, are ongoing.
Table of contents
- Executive summary
- Key facts
- Location maps
-
Key companies
- International investors
-
Majors
- Current
- Previous
- Irish E&Ps
-
Geology
-
Introduction
- Atlantic Margin basins
- Southern Ireland basin
- Eastern Ireland basins
-
Atlantic Margin basins
- Goban Spur
- Porcupine basin
- Rockall basin
- Slyne-Erris basin
-
Southern Ireland basins
- Fastnet basin
- North and South Celtic Sea basins
-
Eastern Ireland basins
- Kish Bank basin
- St. George's Channel and Central Irish Sea basins
- Onshore
-
Introduction
-
Exploration
- Licensing
-
Recent licensing activity
- 2015 Atlantic Margin licensing round
-
Historical licensing activity
- Licensing activity in the 1990s
- Licensing activity in the 2000s
- Licensing activity in the 2010s
- Onshore licensing
-
Drilling
- Drilling activity
- Overview
-
Key recent and future conventional E&A activity
- Celtic Sea
- Atlantic Margin
-
Historical conventional E&A activity
- Offshore
- Onshore
-
Reserves and resources
- Overview
- Reserves
-
Production
- Oil
- Gas
-
Infrastructure
-
Oil infrastructure
- Overview
- Gas infrastructure
-
Onshore gas infrastructure
- Shannon LNG
-
Offshore gas infrastructure
- Interconnector pipelines
- Northern Ireland
-
Oil infrastructure
-
Costs
- Introduction
-
Capital costs
- Capital expenditure by location
-
Operating costs
- Operating expenditure by location
-
Policy and regulation
-
Key legislation
- Ambassador/Marathon Taxation Agreement 1960
- Licensing Terms for Offshore Oil and Gas Exploration and Development 1992
- Changes to the terms of the Licence Option 2003
- Licensing Terms for Offshore Oil and Gas Exploration and Development 2007
- Petroleum (Exploration and Extraction) Safety Act 2015
- Prohibition of Onshore Hydraulic Fracturing 2017
- Climate Action and Low Carbon Development Bill 2021
- Licensing
- Licence types
-
Exploration licences
- Petroleum Prospecting Licence (PPL)
- Licensing Option (LO)
- Standard Exploration Licence (SEL)
- Deepwater Exploration Licence (DEL)
- Frontier Exploration Licence (FEL)
- Reserved Area Licence
-
Production licences
- Petroleum Lease
- Lease Undertaking
-
Key legislation
-
Fiscal terms
-
Overview
- Upstream
- Midstream and downstream
- Current fiscal terms
-
Concessions
- State equity participation
- Bonuses, rentals and fees
- Royalty and other production taxes
-
Additional petroleum taxes
- Petroleum Production Tax
- Corporate income tax
- EU temporary solidarity contribution (2022-23)
- Indirect taxes
- Product pricing
- Sample cash flow
-
Overview
Tables and charts
This report includes 25 images and tables including:
- Key facts: Table 1
- Country map
- Reserves and contingent resources at 01/01/2024
- Liquids and Gas Production 2023
- Net Acreage 2024
- Ireland - licensing activity
- Ireland - E&A drilling activity
- Ireland - gas reserves
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Contingent resources
- Production: Table 1
- Production: Table 2
- Ireland - gas production
- Ireland - gas infrastructure
- Fiscal terms: Table 2
- Ireland - sedimentary basins
- Exploration: Table 1
- UK-Ireland interconnector 1 & 2
- Costs: Table 1
- Costs: Table 2
- Costs: Table 3
- Costs: Table 4
- Policy and regulation: Table 1
- Fiscal terms: Table 1
What's included
This report contains:
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