Call for tax cuts for oil exploration operators

The Department of Natural Resources has suggested it will table certain incentives for those active in the sector for inclusion in the bill, which is due to be drafted in October or November, without expanding on possible moves in detail.
While not actively lobbying the Government at present, the Irish Offshore Operators’ Association (IOOA), the chief representative body for companies prospecting for oil and gas in Irish waters, has suggested such measures would help progress Ireland’s exploration sector.