Displaying items by tag: Tony O'Reilly Jr

16th March 2012

Oil Strike Success Off Cork Coast Could Be Worth Billions

#COASTAL NOTES - Providence Resources has struck big off the south coast of Cork with an oil flow that could be worth billions of euro to the beleaguered Irish economy.

According to the Guardian, the Dublin-based company announced yesterday that oil had started to flow successfully from its Barryroe structure in the north Celtic Sea at nearly twice the rate previously projected.

Providence Resources CEO Tony O'Reilly Jr said the discovery was a "seminal day for Ireland, especially in the runup to St Patrick's Day."

Last month the firm had confirmed the presence of light oil with its first appraisal well at the site, a situation described by its technical director as "extremely encouraging".

Now that a steady flow has been achieved, future extraction from the oil field - comparable to a medium-to-large North Sea field - can surely proceed, which now puts pressure on the Government to grand permission for further exploration around the Irish coast.

As previously reported on Afloat.ie, plans by Providence Rescources to prospect for oil on the east coast off Dalkey Island have been met with fierce opposition by mainland residents and environmental groups.

The Guardian has much more on the story HERE.

Published in Coastal Notes

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About the Watersports Inclusion Games

The Watersports Inclusion Games are an award-winning event organised by Irish Sailing with partners from across the watersports sector, that enable people of all abilities from the physical, sensory, intellectual and learning spectrums to take to the water to participate in a wide range of water activities.

More than 250 people with physical, sensory, intellectual and learning disabilities typically take part in the weekend's events.

Participants will have the opportunity to try more sports than ever before, with an expanded range including sailing, kayaking, canoeing, paddle-boarding, rowing, surfing, water skiing and powerboating all on offer.

The Games typically take place each August.

The organisers of the Games want to let people of all abilities know that there are multiple watersports available to them, and to encourage more people from all backgrounds to get involved and out on the water regardless of ability. They aim to highlight that any barriers faced by people with disabilities can be eliminated.

There are social, health and wellness benefits associated with sailing and all watersports. These include improved muscle strength and endurance, improved cardiovascular fitness and increased agility, enhanced spatial awareness, greater mental wellness through the balancing of serotonin levels and the lowering of stress levels, improved concentration and the forging of positive relationships.