Fresh figures have revealed Shell’s Corrib gas field is generating sales of more than €1.2million a day.
The company started production on the field off the Mayo coast at the end of last year.
There have been recorded estimated revenues of $360million this year so far.
The figures come from a new report published by Vermilion, which has an 18.5% share in the project.
It shows the company alone has generated sales of $66.42million from the first nine months of production.
According to Vermillion, production volumes on the project reached full capacity at the end of the second quarter of this year.
Last year, an additional €197million was spent by the Corrib partners.
Shell, Statoil and Vermillion expect to spend around €6million further next year.
A spokeswoman for Shell E&P said: “Since December 2015, the Corrib gas development has established itself as an integral piece of Ireland’s energy infrastructure and supplies up to 60% of the
national gas requirement. We look forward to contributing to Ireland’s energy security over the next 15 to 20 years.
“The Bellanaboy Bridge Gas Terminal reached its target capacity in June this year and production has stayed at this level.”