Shell have pumped an extra EUR50million into its Irish operation as the EUR3.6billion Corrib Gas field begins to generate revenue.
Papers lodged with Ireland’s Companies Office indicate EUR1.4billion of authorise share capital.
The latest funds follow previous cash injections of €70m last year and €207m in 2014.
In January, Norwegian operator Statoil injected €150million into the Corrib gas gield, according to reports.
The company owns a 36.5% stake in the field off the West of Ireland, while Shell owns a 45% stake and Vermilion owns 18.5%.
Shell announced first gas from the field in December, after receiving final government approval for the project, which which was originally discovered in 1996.
The field is expected to produce the equivalent of 45,000 barrels of oil per day and has a projected lifespan of between 15 and 20 years. It contains about one trillion cubic feet of gas.
The Corrib gas field is located 83km off Ireland’s northwest coast in water depths of almost 350 metres.
Six wells have been drilled at the Corrib field with gas transported to the Bellanaboy Bridge Gas Terminal through a 20-inch pipeline.
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