British exploration company Serica Energy has said it should be in a position to turn its attention to its dormant Irish acreage in the new year.

British exploration company Serica Energy is actively looking for development partners to move forward its Irish assets to the drilling stages.

A LONDON-based exploration company has made what it claims to be the first oil discovery off the west coast of Ireland for the best part of three decades.

INTERNATIONAL companies given licences this month to explore potentially lucrative sections of Irish water for oil and gas will each have to pay less than €10,000 a year for the privilege.