Eight oil firms win offshore acreage in Ireland

Eight oil firms win offshore acreage in Ireland

Eight oil companies have been awarded offshore acreage across fourteen blocks in Ireland’s latest licensing round. The companies have won two-year licensing options over the blocks offered.

The round focuses on an area in the southern Porcupine Basin, where a number of applications included commitments to acquire new seismic surveys later this year

Joe McHugh, Minister of State at the Department of Communications, Energy and Natural Resources, said: “The response to the Round has been extremely positive, with 43 applications for Licensing Options received by the deadline of September 2015.

This is by far the largest number of applications received in any licensing round held in the Irish offshore. At a time of very low oil prices the strong interest in the Round is very positive”

McHugh said that industry’s response to the Round demonstrates the perceived positive exploration opportunity of Ireland’s offshore and highlights confidence in the Irish regulatory process and the ability of industry to do business in Ireland.

The offer of awards involves eight companies, Eni, Europa, ExxonMobil, Nexen, Scotia, Statoil and Woodside as Operators, along with BP who will partner with Eni. The second and final phase of awards is planned for mid-May.

 

Fourteen Licensing Options are being offered as follows:

Eni with BP as partner – 1
Europa – 1
ExxonMobil with Statoil as partner – 2
Nexen – 4
Scotia – 1
Statoil with ExxonMobil as partner – 4
Woodside – 1

Share this article

Follow Offshore Energy Today

Events>

<< Oct 2019 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

Executive Oil Conference & Expo 2019

Executive Oil Conference and Exhibition is a unique opportunity to meet with all of the region’s…

read more >

Oil & Gas Vietnam 2019

Oil & Gas Vietnam (OGAV) 2019 is the only specialized oil & gas event in Vietnam that brings together an international congregation of both upstream and downstream oil and gas companies and also its supporting industries gathered in the heart of Vietnam’s oil and gas industry in Vung Tau, to showcase the latest developments in the oil and gas industry.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply