InfraStrata plc is pleased to provide an update on the programme of works on the Islandmagee gas storage project in Northern Ireland following completion of the drilling of the Islandmagee-1 well in June 2015. InfraStrata is a 65% shareholder of the gas storage project developer, Islandmagee Storage Limited.

The £3.8 million programme of work commenced with the drilling of the well and has been designed to confirm the feasibility of the development of an underground gas storage facility in salt caverns, by obtaining wireline data and core samples of the Permian salt to undertake laboratory analyses, including rock mechanical tests, to further define the design parameters and cost estimate for the project.

All the end of well reports have been finalised and the initial results from the laboratory in Germany on the cores are encouraging and the parameters are now being used by the surface engineering team to provide an update on the facility design and cost estimates.

Tags: InfraStrata plc