Ulysses Project identifies a site offshore Ireland for natural gas storage

Source: Providence Resources

A study to determine the potential of establishing a natural gas storage and carbon sequestration offshore Ireland, the Ulysses Study has identified a suitable location in the Kish Bank Basin, offshore eastern Ireland.

First announced in August 2008, the Ulysses Study covered the northern and western sectors of the shallow water Kish Bank Basin and was focused on assessing the gas storage and carbon sequestration potential of the basin. These studies have now confirmed a site which may be suitable for offshore natural gas salt cavern development, similar to those recently proposed for development in the Lough Larne area of Northern Ireland.

In addition, further geotechnical studies recently completed have confirmed published figures that the basin could host an effective carbon storage capacity of c. 270 million tonnes.

The Ulysses Study is being conducted by a 50/50 joint venture between Providence Resources, through its wholly owned subsidiary EIRGAS Limited, and Star Energy Group (a wholly owned subsidiary of Petronas, the state oil company of Malaysia).



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs