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Fri 12 Dec 2009Corrib gas field cost €1.5bn in 2008
THE TOTAL spend on developing the Corrib gas field off the Mayo coast to the end of December last amounted to just under €1.5 billion.
In figures revealed for the first time by a senior source close to the project, the capital outlay to the end of December by the three partners in the project is €1.2 billion with operating costs of €277 million, bringing the total cost to more than €1.4 billion. The senior source yesterday estimated that another €500 million will be spent on developing the field before gas is produced.
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