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Shell Completes Tunnel Boring At Corrib Field Off Ireland

|Includes: Royal Dutch Shell plc (RDS.A), VET

Vermilion Energy announced that Shell has completed tunnel boring for its pipeline beneath Sruwaddacon Bay to serve the long-delayed Corrib gas Field off western Ireland. The project is expected to come online by mid-2015, with peak production estimated at approximately 58 MMcf/d (net to Vermilion).

The tunnel, which reached its total length of 4.9 km on 21-May-2014, will serve as a conduit for the gas pipeline between the Bellanaboy gas processing facility to the offshore pipeline landing valve at Glengad.

Corrib Project ownership: Shell (45%, operator), Statoil (36.5%) and Vermilion Energy Trust (18.5%).

In Oct-2013, the Irish Commercial Court revoked the revised license issued for Shell's gas terminal at Bellanaboy, Ireland.

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