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Exxon, BHP fast-track Bass Strait oil and gas production
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Background:

Ireland Map

Celtic tribes arrived on the island between 600-150 B.C. Invasions by Norsemen that began in the late 8th century were finally ended when King Brian BORU defeated the Danes in 1014. English invasions began in the 12th century and set off more than seven centuries of Anglo-Irish struggle marked by fierce rebellions and harsh repressions. A failed 1916 Easter Monday Rebellion touched off several years of guerrilla warfare that in 1921 resulted in independence from the UK for 26 southern counties; six northern (Ulster) counties remained part of the UK. In 1948 Ireland withdrew from the British Commonwealth; it joined the European Community in 1973. Irish governments have sought the peaceful unification of Ireland and have cooperated with Britain against terrorist groups. A peace settlement for Northern Ireland, known as the Good Friday Agreement and approved in 1998, is being implemented with some difficulties.

Economy - overview:

Ireland is a small, modern, trade-dependent economy with growth averaging a robust 7% in 1995-2004. Agriculture, once the most important sector, is now dwarfed by industry and services. Industry accounts for 46% of GDP, about 80% of exports, and 29% of the labor force. Although exports remain the primary engine for Ireland's growth, the economy has also benefited from a rise in consumer spending, construction, and business investment. Per capita GDP is 10% above that of the four big European economies and the second highest in the EU behind Luxembourg. Over the past decade, the Irish Government has implemented a series of national economic programs designed to curb price and wage inflation, reduce government spending, increase labor force skills, and promote foreign investment. Ireland joined in circulating the euro on 1 January 2002 along with 11 other EU nations.

GDP (purchasing power parity): $136.9 billion (2005 est.)

GDP (official exchange rate): $189.1 billion (2005 est.)

GDP - real growth rate: 4.7% (2005 est.)

GDP - per capita (PPP): $34,100 (2005 est.)

GDP - composition by sector:
agriculture: 5%
industry: 46%
services: 49% (2002 est.)

Labor force: 2.03 million (2005 est.)

Labor force - by occupation: agriculture 8%, industry 29%, services 64% (2002 est.)

Unemployment rate: 4.2% (2005 est.)

Population below poverty line: 10% (1997 est.)

Household income or consumption by percentage share:
lowest 10%: 2%
highest 10%: 27.3% (1997)

Distribution of family income - Gini index: 35.9 (1996)

Inflation rate (consumer prices): 2.7% (2005 est.)

Investment (gross fixed): 25.6% of GDP (2005 est.)

Budget:
revenues: $70.46 billion
expenditures: $69.4 billion; including capital expenditures of $5.5 billion (2005 est.)

Public debt: 27.5% of GDP (2005 est.)

Agriculture - products: turnips, barley, potatoes, sugar beets, wheat; beef, dairy products

Industries: steel, lead, zinc, silver, aluminum, barite, and gypsum mining processing; food products, brewing, textiles, clothing; chemicals, pharmaceuticals; machinery, rail transportation equipment, passenger and commercial vehicles, ship construction and refurbishment; glass and crystal; software, tourism

Industrial production growth rate: 3% (2005 est.)

Electricity - production: 23.41 billion kWh (2003)

Electricity - consumption: 22.97 billion kWh (2003)

Electricity - exports: 0 kWh (2003)

Electricity - imports: 1.2 billion kWh (2003)

Oil - production: 0 bbl/day (2003 est.)

Oil - consumption: 175,600 bbl/day (2003 est.)

Oil - exports: 27,450 bbl/day (2001)

Oil - imports: 178,600 bbl/day (2001)

Oil - proved reserves: 0 bbl (1 January 2002)

Natural gas - production: 673 million cu m (2003 est.)

Natural gas - consumption: 4.298 billion cu m (2003 est.)

Natural gas - exports: 0 cu m (2001 est.)

Natural gas - imports: 3.384 billion cu m (2001 est.)

Natural gas - proved reserves: 19.82 billion cu m (1 January 2002)

Current account balance: -$5.19 billion (2005 est.)

Exports: $102 billion f.o.b. (2005 est.)

Exports - commodities:
machinery and equipment, computers, chemicals, pharmaceuticals; live animals, animal products

Exports - partners:
US 19.7%, UK 17.7%, Belgium 14.7%, Germany 7.7%, France 6%, Netherlands 4.6%, Italy 4.5% (2004)

Imports: $65.47 billion f.o.b. (2005 est.)

Imports - commodities:
data processing equipment, other machinery and equipment, chemicals, petroleum and petroleum products, textiles, clothing

Imports - partners: UK 35.7%, US 13.8%, Germany 9%, Netherlands 4.3%, France 4.2% (2004)

Reserves of foreign exchange and gold: $2.908 billion (2004 est.)

Debt - external: $1.049 trillion (30 June 2005)

Economic aid - donor: ODA, $607 million (2004)

Currency (code):
euro (EUR)
note: on 1 January 1999, the European Monetary Union introduced the euro as a common currency to be used by financial institutions of member countries; on 1 January 2002, the euro became the sole currency for everyday transactions within the member countries

Exchange rates:
euros per US dollar - 0.8041 (2005), 0.8054 (2004), 0.886 (2003), 1.0626 (2002), 1.1175 (2001)

Fiscal year: calendar year

Country Energy Data Report
Ireland Year:
2002
Energy Production (Quads) = .0436 Energy Consumption (Quads) = .6242

Oil (Thousand Barrels per Day)



Refinery


Stock


Production
Output
Imports
Exports
Build
Consumption

Crude Oil
0.00

 
69.20
1.74
1.20
0.00

NGL's
0.00
 
0.00
0.00
0.00
0.00

Other Oils
0.00
 
.34
0.00
-.06
0.00

Refinery Gain
-.12
 
 
 
 
 

Gasoline
 
15.30
23.87
3.73
.14
36.69

Jet Fuel
 
0.00
21.44
0.00
-.06
16.43

Kerosene
 
6.80
7.43
2.05
-.02
15.70

Distillate
 
19.66
47.48
1.04
2.19
66.79

Residual
 
18.89
26.45
18.34
-.85
27.89

LPG's
 
1.94
3.27
.73
0.00
4.39

Unspecified
 
2.64
11.75
.71
.02
12.55

TOTALS
-.12
65.23
211.23
28.34
2.56
180.44

Natural Gas (Billion Cubic Feet and Quadrillion Btu)

Gross Production (Billion Cubic Feet) 29.63
Dry Imports (Billion Cubic Feet) 120.99

Vented and Flared (Billion Cubic Feet) 0.00
Dry Exports (Billion Cubic Feet) 0.00

Reinjected (Billion Cubic Feet) 0.00

Marketed Production (Billion Cubic Feet) 29.63

Dry Production (Billion Cubic Feet) 29.63
Dry Production (Quadrillion Btu) .0299

Dry Consumption (Billion Cubic Feet) 150.62
Dry Consumption (Quadrillion Btu) .1606

Coal (Thousand Short Tons and Quadrillion Btu)

Production
Imports
Exports
Stock Build

(1000 Tons)
(Quads) (1000 Tons)
(Quads)
(1000 Tons) (Quads)
(1000 Tons) (Quads)

Hard Coal
 
  3090
.0735
6 .0001
-90 -.0022

--- Anthracite
0
0.0000  
 
   
   

--- Bituminous
0
0.0000  
 
   
   

Lignite
0
0.0000 58
.0010
0 0.0000
1 .0000

Coke
 
  0
0.0000
0 0.0000
0 0.0000

Total Coal
0
0.0000 3148
.0745
6 .0001
-89 -.0022

Consumption : (1000 Tons) = 3053
(Quads) =
.0722

Electricity (Million Kilowatts, Billion Kilowatt Hours, and Quadrillion Btu)

Capacity
Generation

(Million kw)
(Billion kwh)
(Quads)
(Billion kwh) (Quads)

Hydroelectric .236
.903
.0092
Total Imports .600
.0020

Nuclear 0.000
0.000
0.0000
Total Exports .100
.0003

Geothermal and Other .150
.447
.0045
Losses 1.601
 

Thermal 4.049
21.526
 

Totals 4.435
22.876
Consumption 21.775


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