Irish oil exploration activity set to increase

Exploration-related activity in Irish waters is set to heat up further in the coming months with a new multi-client 3D seismic survey to be undertaken off the west coast.

Irish oil exploration activity set to increase

Subject to Government approval, the reconnaissance work could begin at June. It is aimed at getting a better understanding of potential reserves over 5,400 sq km in the highly rated southern Porcupine Basin.

The same month will see the first exploration drilling work start in Irish waters in four years when Providence Resources and partners turn the drillbit at the Druid and Drombeg prospects, targeting 5m barrels, in the same area.

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