Offshore oil exploration to ramp up

IRELAND has upped its efforts to discover offshore oil by yesterday awarding 13 new licensing options.

Offshore oil exploration to ramp up

Minister for Communications, Energy and Natural Resources Pat Rabbitte said yesterday that 13 out of 15 applications had been approved, involving 12 companies.

Ireland’s entire offshore area has only seen 14 exploration wells drilled since 2000, yielding four discoveries

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