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Oil Giant Exxon Starts $160M Drilling Project Off Ireland's Coast

2013-04-01 07:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Irish Independent: Oil giant ExxonMobil kicks off a $160m-plus (EUR125m) drilling programme off the west coast of Ireland this weekend with hopes that confirmation of major fossil fuel reserves will transform the country's economy. The US company is planning to drill test wells over a four-month period at two prospects at the Dunquin licence area in the Porcupine Basin, 200km off shore. Previous data has suggested that there could be over 300 million barrels of oil and 8.5 trillion cubic feet of gas between the...

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