The boost to Shell E&P Ireland has received the cash injection from its parent company, reports the Irish Independent.
The funding represents a 23% increase in the company's share capital to €424m.
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A spokesman for Shell confirmed the equity "is toward the operational expenses in relation to the ongoing development of the Corrib project".
Some projections have claimed that the Corrib field could produce enough gas to meet 75% of Ireland's peak winter gas needs for up to a decade.
The funding follows An Bord Pleanala’s decision that up to half of Shell's proposed route for its controversial Corrib gas onshore pipeline in Co Mayo was "unacceptable" on safety grounds.
The company has until the end of May to provide an alternative pipeline route.
(NS/BMcc)
