Ireland has no oil production and no production at all
onshore. Although small sub-commercial oil accumulations have been found
in the Celtic Sea, no oil output is forecast apart from very small
volumes of NGLs from the Corrib field due onstream in 2009.
Offshore gas production commenced in 1978 from the Kinsale Head field in
the Celtic Sea. This field is now in decline, however, Irish output will
recover as new gas is produced from the Corrib gas field in the Slyne
Trough offshore northwest Ireland. Other small discoveries in the Celtic
Sea can also provide modest amounts of gas but no major new developments
growth in the Irish economy through the late 1990s led to rapidly
increasing oil consumption and commencement of imports of gas from the
UK. After 2007 oil consumption fell back due to the recession and will
probably remain lower for some years, before falling again after 2016.
Gas consumption was also growing with the economy, although the
recession has now had a similar effect on gas demand. Nevertheless
growth is expected to resume soon as new indigenous gas comes onstream
whilst imports drop a little.