Ireland’s oil fields - Who will benefit from the drilling?

The tantalising discovery of a commercial oil field off Barryroe on the Cork coast has rekindled debate on the generous nature of Ireland’s oil and gas tax deal.

Ireland’s oil fields - Who will benefit from the drilling?

At the same time, passions have been inflamed by the pollution threat of drilling exploration near Dalkey in stark contrast with a Norwegian ban on drilling within 30km of the coast.

With the economy in tatters, people could be forgiven for hoping the find will mean a bonanza that will lift the pall of doom and relieve communities from grinding austerity and crushing poverty.

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