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BRIEF-Centrica to invest 60 mln pounds to increase Morecambe Bay gas production
May 3, 2017 / 8:59 AM / 7 months ago

BRIEF-Centrica to invest 60 mln pounds to increase Morecambe Bay gas production

May 3 (Reuters) - Centrica Plc

* Britain’s Centrica will invest 60 million pounds ($78 million) to boost Morecambe Bay gas production, it said in a statement on Wednesday.

* The project to refurbish two 5,000-tonne platforms in the East Irish Sea is expected to start later this month.

* Once complete, the project will unlock up to a further 3 billion cubic feet of gas under the East Irish Sea by simplifying the process required to get it to shore. Source text for Eikon: Further company coverage: ($1 = 0.7738 pounds) (Reporting by Nina Chestney; Editing by Susan Fenton)

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