12 July 2017
Energy company Shell has sold its 45 per cent stake in the Corrib gas field to a unit of Canada Pension Plan Investment Board (CPPIB) in a deal worth $947 million (€830 million).
Below is a timeline of the controversial gas field’s past.
1996 – Corrib gas field discovery declared by Enterprise Energy Ireland Ltd, which submitted plans to pump it ashore and build an onshore refinery in north Mayo.
2001 – Government petroleum lease granted for Corrib field
April 2002 – Corrib acquired by Shell, which became lead developer with Norwegian company Statoil and Marathon.