Skip to main content

Corrib Gas Sales Estimate

Counter updated 15/11/16

Estimated sales per day of $1,271,740 with current price of 4.29 USD/MMBtu

Flow rate Q1 - 30,540 equivalent barrels of oil per day (boe/d).
Average Price Q1 - 5.45 USD/MMBtu

Flow rate Q2 - 42578 equivalent barrels of oil per day (boe/d).
Average Price Q2 - 4.14 USD/MMBtu

Flow rate Q3 - 53400 equivalent barrels of oil per day (boe/d).
Average Price Q3 - 4.40USD/MMBtu

Total Flow to 15/11/16 - 14022938 boe

Flow rate taken from - http://www.vermilionenergy.com/news/latestnewsrelease.cfm?newsReleaseAct...

Irish production averaged 59 mmcf/d (9,879 boe/d) net to Vermilion during Q3 2016, representing an increase of 25% versus the prior quarter. Production results continued to benefit from better-than-expected well deliverability and minimal downtime. Following the conclusion of a successful offshore work campaign that included laying a flowline to the P2 well, all six wells are now available for production.

********************************************

Counter updated 01/9/16

Estimated sales per day of $1,475,108

Flow rate Q1 - 30,540 equivalent barrels of oil per day (boe/d).
Average Price Q1 - 5.45 USD/MMBtu

Flow rate Q2 - 42578 equivalent barrels of oil per day (boe/d).
Average Price Q2 - 4.14 USD/MMBtu

Flow rate Q3 - 58918 equivalent barrels of oil per day (boe/d).
Average Price Q3 - 4.32 USD/MMBtu

Total Flow to 01/9/16 - 10365572 boe

 

Flow rate taken from - http://www.vermilionenergy.com/news/latestnewsrelease.cfm?newsReleaseAct...

Irish production continued to ramp up during the quarter, with better than expected well deliverability and minimal downtime at Corrib since start up on December 30, 2015. With five of the six wells currently online, production averaged 47 mmcf/d (7,877 boe/d) net to Vermilion during Q2 2016, an increase of 39% versus the prior quarter. Following recertification activities associated with the third party gas distribution pipeline network during the quarter, production volumes at Corrib reached full plant capacity of approximately 65 mmcf/d (10,900 boe/d), net to Vermilion at the end of Q2 2016.

********************************************

 

Counter updated 29/5/16

  • Flow rate - 30,540 equivalent barrels of oil per day (boe/d).
  • Price used  - 4.95 USD/MMBtu as average so far for 2016
  • Total Flow to 29/5/16 - 4550540 boe/d

 

Flow rate taken - http://www.vermilionenergy.com/operations/ireland/irelandresults.cfm

  • Natural gas began to flow from our Corrib gas project on December 30, 2015 and to date, well performance and facility runtimes have exceeded expectations.
  • Production averaged 34 mmcf/d (5,650 boe/d) net to Vermilion, during Q1 2016.