Lethbridge Herald, The (Newspaper) - January 15, 1975, Lethbridge, Alberta
50-THE IETHBRIDQE HERALD January 15, 1875 Hunt on in Irish Sea, Atlantic Ocean North Sea oil find spurs activity By TERRY ROBARDS New York Times Service LONDON While the oil riches of the North Sea have attracted world wide atten- tion, exploration crews have been quietly but intensively scouring the bottom of the Irish Sea and the Atlantic Ocean wast of the British Isles in the hope of making similar discoveries. Both oil and natural gas have been found there, but so far the proven quantities are very small compared with the big North Sea fields, which have similar geophysical characteristics. The most interesting dis- coveries have been in the big undersea troughs in the part of the Atlantic now known as the Celtic Sea running from northeast to southwest near the area between Ireland and Wales known as St. George's Channel. Esso Exploration and Production, Incl, has produc- ed a flow of barrels a day from a field less than 20 miles from Cork. From a different field about 50 miles south of Cork, a daily oil-flow rate of 780 barrels has been measured, but the commer- cial potential of these finds remains uncertain. Marathon Petroleum Ireland, Ltd., has established two natural gas wells, one about 30 miles south of Cork and the other about 30 miles off Waterford. The gas will be used to feed an ammonia plant and to fuel a 500 megawatt electrical power station in Cork. Another area regarded as having significant potential lies off the southwestern Irish Coast, but exploration there depends on highly advanced drilling technology because of the extreme depth of most of the geophysically attractive basin at least feet. An indication of the dif- ficulties involved in drilling around the Irish and Celtic seas was provided by Marathon which suspended its drilling operations 35 miles south of Ardmore Hed off the Irish coast in mid December because of "adverse weather conditions." The drillship Glomar North Sea drilled to feet before the well was sealed for re entry next year when the weather improves. Marathon said hydrocarbon indications had been found. But it was not yet possible to evaluate the significance. To the north and west of Ireland in areas beyond the established Irish Continental Shelf are two more substan- tial geological basins with substrata that show promise SETBACK Much farther north in the Atlantic Ocean above Scotland and to the west of the Shetland Islands, the outlook for major discoveries suf- fered a setback in December when British Petroleum aban- doned two wells as dry holes, after incurring drilling costs of million. The rigs used in drilling the two dry holes were sent back to the North Sea for further exploration there. Thus imply- ing that the North Sea fields represented a better invest- ment after the poor showing west of the Shetlands. BOOM AREA The economies of Ireland and Scotland are already feel- ing the impact of oil development. The eastern coast of Scotland, especially around Aberdeen, has turned into a booming area because of the North Sea oil. Now the discoveries in the Irish and Celtic seas promise eventual- ly to do the same for Ireland. Partly because of a tax free holiday that the Irish government has decided to ex- tend to any approved industry, Cork and Waterford are being transformed into industrial centres and Irish oil service industry is burgeoning because of the offshore ac- tivity. CERAMIC TILE These 12-inch grids of ceramic tile come in a full line of colours one perfect for your kitchen, bath, etc. Tiles can be used around tub walls, as counter tops, as wall facjng under your cabinets in your kitchen etc. the possibilities are limitless. 12-INCH GRIDS OF COPPER PIPE SOAP GRAB WRAPAROUND FIXTURE BASEBOARD HEAT CARPET RUNNER Gleaming modern appear- ance at such a small cost. 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Steam on Oldman River! A light mist ascends around the foundation'of the Highway 3 bridge illustrating the difference in temperatures between the waste water from the Leth- bridge power plant and freezing waters of the Oldman River. Waste product turned into profitable one WINCHESTER, 'Ont. (CP) A cheese plant here has developed a process to turn once a waste an export com- modity which is cheap to buy and nourishing if mixed with the right ingredients. Ault Foods Ltd. converts the liquid whey into a power which can be used in infant foods and other food items. The whey powder contains protein, the reason for its value as a supplement. "There's a scarcity of food and protein in the said Keith Henry, vice-president of the firm in this community, 30 miles south of Ottawa. "We're exporting the infant food to developing countries because it's less costly and some people in those countries cannot afford to pay for top food products. "The infant food has the nu- tritional value required by these developing countries and we're using some of the protein content of whey as a base." Before being dried, whey from the Ault plant contains about 94 per cent water, slightly less than five per cent milk sugar, eight-tenths of one per cent protein and small quantities of minerals and fats. A spokesman for the health protection branch of the federal health department said whey has a lower protein content than skim milk and the best form is whey with its minerals removed. "Demineralized whey would greatly increase the processing cost. If whey was demineralized it would remove the high- content of sodium and potassium and the lactose (milk sugar) which causes diarrhea. "People in Latin American countries are especially lac- tose intolerant and very prone to diarrhea, especially if the whey is mixed with Latin American water." The Ault plant does not re- move minerals from the whey in its production process. It was the government of Mexico which encouraged the development of powdered whey. A government agency was buying milk products and asked for help in developing a new food supplement. Sam Ault, company presi- dent and son of the founder, was on a committee advising the Canadian.Dairy Commis- sion when he learned about the Mexican inquiries, Mr. Henry said. "So a program was created with federal government assistance." Ault, now a subsidiary of Ogilvie Flour Mills Co. Ltd., has built a million unit to turn whey into powdered form. Ogilvie is controlled by John Labatt Ltd., which is in turn controlled by Brascan Ltd. Economic upturn predicted in '75 WASHINGTON (AP) Alan Greenspan, chairman of the U.S. council of economic advisers, predicted today an economic upturn in 1975. But Greenspan said the recovery, based on a turn- around in the automobile and housing industries, is unlikely to cause much reduction in the U.S. unemployment rate, which now stands at 7.1 per cent of the labor force! "The economic output for 1975 is neither pleasant nor reassuring to those who hope for a sudden correction of our Greenspan told the joint economic com- mittee. "The economic indicators that have become available over the past several months continue to portray an economy in the midst of a sharp contraction in produc- tion and employment that still has several months to Greenspan said. But he predicted that com- pletion of adjustments in in- ventory will begin to lift total production during the year's second half. Greenspan said industrial inventories are currently be- ing curtailed, causing a slow- down in production and a proliferation of lay-offs. He did not indicate in his prepared remarks exactly what recommendations the economic council has made to President Ford. "The softening economy is also beginning to have a' sub- stantial impact on the rate of he said. Greenspan said price de- creases have resulted in some economic sectors, and a reduction in the rate of price increases has been noted in many others. He attributed this to an easing of shortages, overstocked inventories and sagging demand. He said the suddenness of the economic decline has made future developments more than usually difficult to gauge. "Essentially we still foresee a bottoming out in economic activity by mid- he said. "The timing and the strength of the ensu- ing recovery is still very un- certain."