SHELL CORRIB

The cost to Shell Exploration and Production (Ireland) of developing the controversial Corrib gas field off the coast of Co Mayo could reach €2.5bn – three times what it had budgeted originally, The Sunday Times reports.

Citing “well-placed sources”, the newspaper details the delays incurred in the ongoing project and (coincidentally?) conducts its weekly business interview with Terry Nolan, the chief of Shell in Ireland.

When (or if) the pipeline is completed by 2013, it will have run three times over budget because of the various problems it has faced, mainly as a result of objections from concerned residents of the Erris region of Co Mayo, where the gas is to be refined.