Survey: Regulators hindering exploration growth

The current regulatory framework underpinning Ireland’s burgeoning oil and gas sector is not fit for purpose and is insufficiently structured to facilitate or attract large scale developments, a new industry survey has claimed.

Survey: Regulators hindering exploration growth

The results of the study, conducted by PwC to coincide with this year’s Atlantic Ireland conference, which begins today in Dublin, represent a real mixed bag of views about the sector.

Long-term sentiment is positive and there is a feeling that Brexit will not have a significant impact on the Irish offshore sector. However, only 28% of exploration firms with Irish-based assets rate the overall outlook for the industry, here, as being favourable for the next two years.

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