Exxon Mobil Eyes Irish Drilling

Posted by: Alex Robinson Posted date: October 03, 2012 In: Energy, Headlines

Exxon Mobil Corporation (NYSE:XOM) has plansned to drill in the Irish Atlantic Frontier early next year.

Exxon Mobil Eyes Irish Drilling

According to reports, Exxon Mobil Corporation (NYSE:XOM) is planning to drill the huge Dunquin gas/condensate prospect out to the west of Ireland early next year.

Exxon Mobil Corporation (NYSE:XOM) will use the Eirik Raude semisubmersible rig owned by Norwegian group Ocean Rig UDW for the drill.

The program is expected to last up to six months.

The deepwater Dunquin project consists of two main prospects, Dunquin South and Dunquin North, both anticipated to be gas/condensate bearing. Dunquin holds an estimated 14 trillion cu.ft of gas and 500 million barrels of condensate.

Exxon Mobil Corp. (NYSE:XOM) company shares are currently standing at 91.72.

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