Ireland sees interest in offshore reserves

4 Jun 2016   Ireland

The response to the latest offerings for the rights to examine the oil and gas potential off the Irish coast has been significant, the government said. The Irish government said it offered 14 licensing options after wrapping up its 2015 auction for the Atlantic. That builds on the 28 options awarded during round one, which concluded in February. Minister of State for Natural Resources Sean Kyne said the industry interest so far shows that most players are confident about the prospects for reserves off the Irish coast. “The response to the 2015 Atlantic Margin licensing round is by far the largest number of applications received in any licensing round held in the Irish offshore,” he said in an emailed […]

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