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Displaying items by tag: Providence Resources

The Department of Transport advises that an analogue survey consisting of multibeam, side-scan sonar and magnetometer will be carried out off the South Coast of Ireland by the Marine Institute on behalf of Providence Resources from Saturday 23 to Sunday 31 October, weather permitting.

In addition to the analogue survey, seabed samples and camera imagery will be acquired at approximately 10 stations in the survey area.

The survey will be conducted in Block 48/24 Barryroe, in the North Celtic Basin, around 45–50km from the south coast of Ireland, and will be undertaken by the RV Celtic Voyager (callsign EIQN). The vessel will be towing a side-scan sonar and magnetometer from time to time with cables of up to 300m long.

As this vessel will be restricted in its ability to manoeuvre when surveying, other vessels are requested to keep a wide berth. The vessel will display appropriate lights and signals.

For details of coordinates of the survey area, see Marine Notice No 55 of 2021 which is available to download below.

Published in News Update

#MarineNotice - The survey vessel VOS Sweet (Callsign PCPE) is currently conducting offshore geotechnical and environmental survey operations associated with the proposed Celtic Interconnector on behalf of EirGrid.

The VOS Sweet was set to commence operations yesterday, Monday 18 June, and will operate on a 24-hour daily basis for approximately two weeks in two main corridors off East Cork to three landfall points: Ballinwilling Strand (Ballycotton Bay); Redbarn Beach and Claycastle Beach (Youghal Bay).

The survey is to collect geotechnical data utilising a Vibrocorer (VC) and Cone Penetration Test (CPT) spread and environmental (benthic) data utilising Grab Sampler spread. The survey will be conducted under Foreshore Licence FS006811. Common frequency VHF Channel 16 shall be used throughout the project.

Details of the route centreline co-ordinates as well as intended locations for the VC, CPT and benthic sampling are included in Marine Notice No 26 of 2018, a PDF of which is available to read or download HERE.

Meanwhile, Providence Resources is carrying out a site survey on its FEL 6/14 licence, called Newgrange, situated between the Southern Porcupine and Goban Spur Basins some 260km off the South West Coast.

The eight-day geophysical survey by the MV Kommandor (Callsign MCJO2), was scheduled to commence on Monday, is using dual-frequency side scan sonar, single-beam and multi‐beam echosounders, side scan sonar, sub‐bottom profilers and magnetometer.

Seabed (benthic) samples will also be taken using a box corer or grab as appropriate, and geotechnical sampling will be undertaken with a piston corer to a minimum target depth of 6m below the seabed.

In addition to the above, and to accurately determine potential future drilling hazards over the Newgrange location, the proposed survey will also include a high resolution 2D seismic which is not expected to exceed two days.

Survey operations will be conducted on a 24-hour basis. The MV Kommandor will be displaying shapes and lights prescribed in the International Rules for the Prevention of Collisions at Sea (COLREGS) Rule 27, to indicate that the survey vessel is restricted in its ability to manoeuvre. A listening watch will be maintained on VHF Channel 16, and the vessel will actively transmit an AIS signal.

Co-ordinates and a map of the expected working area are outlined in Marine Notice No 25 of 2018, a PDF of which is available to read or download HERE.

Published in Coastal Notes

#MarineNotice - Providence Resources advises it intends to drill an exploration well in the Southern Porcupine Basin.

Operations were scheduled to begin today (Monday 3 July) to drill the well at a depth of 2,250 metres some 220km off the South West Coast of Ireland.

Drilling is expected to take 60 days to complete, subject to weather and operational delays.

The dynamically positioned drill ship Stena IceMax (Callsign 2FMJ5) will carry out the drilling, supported by platform supply vessels Sjoborg (Callsign OZ-2075), Edda Frende (Callsign LCOB) and Skandi Flora (Callsign LEVX). The emergency rapid response vessel is Esvagt Don (Callsign MZWQ6).

There will be a safety exclusion zone of 500m radius from the drill ship. Regular safety messages will be broadcast on VHF Channel 16 by Esvagt Don throughout the project. Radio navigation warnings will also be issued several times daily by the Irish Coast Guard

All vessels, particularly those engaged in fishing, are requested to give the Stena IceMax and accompanying vessels a wide berth and keep a sharp lookout in the relevant areas.

Full details of the drilling area are included in Marine Notice No 28 of 2017, a PDF of which is available to read or download HERE.

Published in News Update

#Oil&Gas - A drop in exploration costs alongside the fall in commodities prices is driving increased interest in Providence Resources' Barryroe prospect, as The Irish Times reports.

"Work continues with a number of parties to progress the Barryroe farm out to a satisfactory conclusion,” said Tony O’Reilly, chief executive of the Dublin-based oil and gas exploration firm.

It comes more than a year after negotiations over the farm-out of the oil field off Ireland's south coast began, a process that the company said was "taking much longer to achieve" due to unfavourable market conditions.

Studies in 2012 indicated that the Barryroe field could yield as much as 1.6 billion barrels, and be worth many billions to the Irish economy.

The Irish Times has more on the story HERE.

Published in Coastal Notes

#Oil&Gas - Providence Resources is divesting almost a third of its interest in its Spanish Point prospect, as The Irish Times reports.

The Irish oil and gas exploration company intends to sell off a 32% "non-operated interest" in the area off the coast of Co Clare, in the northern part of the Porcupine Basin, which has been shown to hold enormous reserves of oil.

Providence delayed its own exploration at Spanish Point earlier this year due to "unforeseen changes" to its joint venture at the well.

But drilling is now expected to take place in 2017 pending State approval.

The Irish Times has more on the story HERE.

Published in Coastal Notes

#Oil&Gas - Providence Resources has delayed exploration of its Spanish Point well off Co Clare "pending discussions with partners and the Government", as The Irish Times reports.

Already pushed back from last summer due to the longer-than-planned refurbishment of the Blackford Dolphin rig, the Spanish Point option - granted in January last year – was subsequently seismic surveyed for oil and gas condensate in the autumn.

The latest delay, however, comes after "recent unforeseen changes to the make-up of the joint venture".

That's according to Providence chief executive Tony O'Reilly, who adds that discussions with interested third parties for the prospect continue.

The Irish Times has more on the story HERE.

Published in Coastal Notes

#Oil&Gas - Providence Resources is talking positive about its Drombeg prospect off the south-west coast, as The Irish Times reports.

The site in the southern Porcupine Basin was surveyed last summer by the Polarcus Amani, said to be one of the greenest seismic vessels in the world, in what was one of the largest 3D seismic surveys yet carried out off Ireland.

And the preliminary results have revealed "seismic morphologies" that are "consistent with those of a large deep-water fan system".

What's more, the site has already "attracted expressions of interest from a number of major international oil companies," says Providence technical director John O'Sullivan.

The Irish Times has more on the story HERE.

Published in Coastal Notes

#Oil - Providence Resources says it is at "an advanced stage" in negotiations to farm out its Barryroe oil field prospect off Cork, as The Irish Times reports.

Commenting on the Irish energy company's half-year results released today, CEO Tony O'Reilly said the Barryroe project "remains our main priority" – with Providence aiming to return on its investment while retaining "a material stake" in the field, of which is owns 80%.

Last month, as reported on Afloat.ie, the company urged shareholders at its AGM to quell public speculation over any potential deal, which was "taking much longer to achieve" than previously expected.

The Irish Times has more on the story HERE.

Published in Coastal Notes

#Oil - Providence Resources says it is "nearing completion" of its negotiations to secure a farm-out partner for its Barryroe prospect off the Cork coast, as The Irish Times reports.

Speaking at the Irish-based oil and gas company's AGM earlier this week, CEO Tony O'Reilly also urged interested parties to hold off on any public speculation over the deal, which chairman Brian Hillery said was "taking much longer to achieve" due to "the current environment".

"It's not a question of getting a deal, it's getting the right deal," he told shareholders. "Rest assured the farm-out remains the main priority of the company."

That wasn't enough to quell some shareholders' displeasure, however, with one taking Providence to task over the drastic fall in its share price over the last 12 months - in part a result of alleged setbacks to the south coast prospect in January.

The Irish Times has much more on the story HERE.

Published in Coastal Notes

#Oil - Delays in the refurbishing of the Blackford Dolphin oil rig have prompted Providence Resources to push back their appraisal drilling on Spanish Point till 2015, as Business & Leadership reports.

The Irish oil and gas firm was granted a new licensing option for the well some 160km off Spanish Point in Co Clare earlier this year, helping to put the company "in the leading position" in a zone that's rich in undersea hydrocarbons.

However, the Blackford Dolphin, which was scheduled to drill the well this summer, only recently left Belfast after a six-month refurbishment that was originally planned for just six weeks.

And the giant oil rig will no longer be headed for the Clare coast as planned, following the termination of Providence's contract with Dolphin.

With the delays meaning that drilling could not commence till October this year, Providence has chosen to postpone the project till next spring - and will also tender for another rig for the job.

Business & Leadership has more on the story HERE.

Published in Coastal Notes
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Irish Fishing industry 

The Irish Commercial Fishing Industry employs around 11,000 people in fishing, processing and ancillary services such as sales and marketing. The industry is worth about €1.22 billion annually to the Irish economy. Irish fisheries products are exported all over the world as far as Africa, Japan and China.

FAQs

Over 16,000 people are employed directly or indirectly around the coast, working on over 2,000 registered fishing vessels, in over 160 seafood processing businesses and in 278 aquaculture production units, according to the State's sea fisheries development body Bord Iascaigh Mhara (BIM).

All activities that are concerned with growing, catching, processing or transporting fish are part of the commercial fishing industry, the development of which is overseen by BIM. Recreational fishing, as in angling at sea or inland, is the responsibility of Inland Fisheries Ireland.

The Irish fishing industry is valued at 1.22 billion euro in gross domestic product (GDP), according to 2019 figures issued by BIM. Only 179 of Ireland's 2,000 vessels are over 18 metres in length. Where does Irish commercially caught fish come from? Irish fish and shellfish is caught or cultivated within the 200-mile exclusive economic zone (EEZ), but Irish fishing grounds are part of the common EU "blue" pond. Commercial fishing is regulated under the terms of the EU Common Fisheries Policy (CFP), initiated in 1983 and with ten-yearly reviews.

The total value of seafood landed into Irish ports was 424 million euro in 2019, according to BIM. High value landings identified in 2019 were haddock, hake, monkfish and megrim. Irish vessels also land into foreign ports, while non-Irish vessels land into Irish ports, principally Castletownbere, Co Cork, and Killybegs, Co Donegal.

There are a number of different methods for catching fish, with technological advances meaning skippers have detailed real time information at their disposal. Fisheries are classified as inshore, midwater, pelagic or deep water. Inshore targets species close to shore and in depths of up to 200 metres, and may include trawling and gillnetting and long-lining. Trawling is regarded as "active", while "passive" or less environmentally harmful fishing methods include use of gill nets, long lines, traps and pots. Pelagic fisheries focus on species which swim close to the surface and up to depths of 200 metres, including migratory mackerel, and tuna, and methods for catching include pair trawling, purse seining, trolling and longlining. Midwater fisheries target species at depths of around 200 metres, using trawling, longlining and jigging. Deepwater fisheries mainly use trawling for species which are found at depths of over 600 metres.

There are several segments for different catching methods in the registered Irish fleet – the largest segment being polyvalent or multi-purpose vessels using several types of gear which may be active and passive. The polyvalent segment ranges from small inshore vessels engaged in netting and potting to medium and larger vessels targeting whitefish, pelagic (herring, mackerel, horse mackerel and blue whiting) species and bivalve molluscs. The refrigerated seawater (RSW) pelagic segment is engaged mainly in fishing for herring, mackerel, horse mackerel and blue whiting only. The beam trawling segment focuses on flatfish such as sole and plaice. The aquaculture segment is exclusively for managing, developing and servicing fish farming areas and can collect spat from wild mussel stocks.

The top 20 species landed by value in 2019 were mackerel (78 million euro); Dublin Bay prawn (59 million euro); horse mackerel (17 million euro); monkfish (17 million euro); brown crab (16 million euro); hake (11 million euro); blue whiting (10 million euro); megrim (10 million euro); haddock (9 million euro); tuna (7 million euro); scallop (6 million euro); whelk (5 million euro); whiting (4 million euro); sprat (3 million euro); herring (3 million euro); lobster (2 million euro); turbot (2 million euro); cod (2 million euro); boarfish (2 million euro).

Ireland has approximately 220 million acres of marine territory, rich in marine biodiversity. A marine biodiversity scheme under Ireland's operational programme, which is co-funded by the European Maritime and Fisheries Fund and the Government, aims to reduce the impact of fisheries and aquaculture on the marine environment, including avoidance and reduction of unwanted catch.

EU fisheries ministers hold an annual pre-Christmas council in Brussels to decide on total allowable catches and quotas for the following year. This is based on advice from scientific bodies such as the International Council for the Exploration of the Sea. In Ireland's case, the State's Marine Institute publishes an annual "stock book" which provides the most up to date stock status and scientific advice on over 60 fish stocks exploited by the Irish fleet. Total allowable catches are supplemented by various technical measures to control effort, such as the size of net mesh for various species.

The west Cork harbour of Castletownbere is Ireland's biggest whitefish port. Killybegs, Co Donegal is the most important port for pelagic (herring, mackerel, blue whiting) landings. Fish are also landed into Dingle, Co Kerry, Rossaveal, Co Galway, Howth, Co Dublin and Dunmore East, Co Waterford, Union Hall, Co Cork, Greencastle, Co Donegal, and Clogherhead, Co Louth. The busiest Northern Irish ports are Portavogie, Ardglass and Kilkeel, Co Down.

Yes, EU quotas are allocated to other fleets within the Irish EEZ, and Ireland has long been a transhipment point for fish caught by the Spanish whitefish fleet in particular. Dingle, Co Kerry has seen an increase in foreign landings, as has Castletownbere. The west Cork port recorded foreign landings of 36 million euro or 48 per cent in 2019, and has long been nicknamed the "peseta" port, due to the presence of Spanish-owned transhipment plant, Eiranova, on Dinish island.

Most fish and shellfish caught or cultivated in Irish waters is for the export market, and this was hit hard from the early stages of this year's Covid-19 pandemic. The EU, Asia and Britain are the main export markets, while the middle Eastern market is also developing and the African market has seen a fall in value and volume, according to figures for 2019 issued by BIM.

Fish was once a penitential food, eaten for religious reasons every Friday. BIM has worked hard over several decades to develop its appeal. Ireland is not like Spain – our land is too good to transform us into a nation of fish eaters, but the obvious health benefits are seeing a growth in demand. Seafood retail sales rose by one per cent in 2019 to 300 million euro. Salmon and cod remain the most popular species, while BIM reports an increase in sales of haddock, trout and the pangasius or freshwater catfish which is cultivated primarily in Vietnam and Cambodia and imported by supermarkets here.

The EU's Common Fisheries Policy (CFP), initiated in 1983, pooled marine resources – with Ireland having some of the richest grounds and one of the largest sea areas at the time, but only receiving four per cent of allocated catch by a quota system. A system known as the "Hague Preferences" did recognise the need to safeguard the particular needs of regions where local populations are especially dependent on fisheries and related activities. The State's Sea Fisheries Protection Authority, based in Clonakilty, Co Cork, works with the Naval Service on administering the EU CFP. The Department of Agriculture, Food and Marine and Department of Transport regulate licensing and training requirements, while the Marine Survey Office is responsible for the implementation of all national and international legislation in relation to safety of shipping and the prevention of pollution.

Yes, a range of certificates of competency are required for skippers and crew. Training is the remit of BIM, which runs two national fisheries colleges at Greencastle, Co Donegal and Castletownbere, Co Cork. There have been calls for the colleges to be incorporated into the third-level structure of education, with qualifications recognised as such.

Safety is always an issue, in spite of technological improvements, as fishing is a hazardous occupation and climate change is having its impact on the severity of storms at sea. Fishing skippers and crews are required to hold a number of certificates of competency, including safety and navigation, and wearing of personal flotation devices is a legal requirement. Accidents come under the remit of the Marine Casualty Investigation Board, and the Health and Safety Authority. The MCIB does not find fault or blame, but will make recommendations to the Minister for Transport to avoid a recurrence of incidents.

Fish are part of a marine ecosystem and an integral part of the marine food web. Changing climate is having a negative impact on the health of the oceans, and there have been more frequent reports of warmer water species being caught further and further north in Irish waters.

Brexit, Covid 19, EU policies and safety – Britain is a key market for Irish seafood, and 38 per cent of the Irish catch is taken from the waters around its coast. Ireland's top two species – mackerel and prawns - are 60 per cent and 40 per cent, respectively, dependent on British waters. Also, there are serious fears within the Irish industry about the impact of EU vessels, should they be expelled from British waters, opting to focus even more efforts on Ireland's rich marine resource. Covid-19 has forced closure of international seafood markets, with high value fish sold to restaurants taking a large hit. A temporary tie-up support scheme for whitefish vessels introduced for the summer of 2020 was condemned by industry organisations as "designed to fail".

Sources: Bord Iascaigh Mhara, Marine Institute, Department of Agriculture, Food and Marine, Department of Transport © Afloat 2020