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Friday 19 September 2014

Oil find leads to numerous moves to woo Petrel Resources

Published 19/12/2012 | 21:02

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THERE have been calls on management at the Council to aggressively pursue any opportunities for Fenit that might arise from the recent major oil discovery in the seas off the coast of West Kerry.

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Last month Petrel Resources announced it had discovered an oilfield in the Porcupine Basin off Dunquin which is thought to contain oil deposits of around a billion barrels, worth €80 billion.

As Fenit is the closest deep-water port to the oil site and exploration company it is hoped that the port could become a service hub for any rig drilling in the newly discovered oil field, a development which could be worth millions to the economy of the wider Tralee and Fenit area.

Petrel Resources have already said the harbour 'certainly' has the capacity to become a major service hub for the oil industry in the future - getting supplies and workers out to the rigs. However it is known that the company has also expressed an interest in using either Foynes or Cork harbour as a base of operations.

Last week it emerged that Petrel Resources had turned down an invitation from Kerry County Council at which councillors and management had hoped to lobby the oil company on the merits of Fenit harbour.

While Petrel Resources, who expect to start drilling by end of 2013, did not rule out such a meeting the company said it would not be appropriate at this time.

At Monday's budget meeting members encouraged management to do all they can to advance Fenit's case with Petrel Resources.

Cllr Toireasa Ferris said that if Fenit could not secure the position of the main service port council management should push for the harbour to be used as a support port for any drilling operations.

Cllr Jim Finucane urged the Council to do anything it could saying the Council should "use their imagination" to capitalise.

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