Interest remains in Irish assets

Recent research from Morgan Stanley suggested an all-time low for exploration-related M&A activity in the first quarter of 2015. 

But despite slow movement in oil sector consolidation and investment, confidence remains that global players haven’t given up on the Irish offshore dream.

The vicious circle of Ireland needing two or three drilling programmes a year, despite the necessary investment for this not forthcoming, has continued this year with many significant projects further postponed.