Is Ireland sitting on an oil field?

Jess Bown
Oilfield workers
Oilfield workers

Ireland's troubled economy could be in line for a massive boost after Providence Resources confirmed its Barryroe site, situated 30 miles off the Cork coast, should yield some 280 million barrels of oil.

The revenue from the site, which is being hailed as the first of many, could run into billions of pounds.%VIRTUAL-SkimlinksPromo%