Isle of Man seeks expressions of interest for offshore seismic survey

The Department of Economic Development of the Isle of Man is seeking expressions of interest to undertake 3D seismic studies in the Isle of Man’s territorial sea in order to provide further data on potential reserves of hydrocarbons (predominantly natural gas).

This is in advance of a hydrocarbon licence round which the Department will be conducting to allow oil & gas companies to prospect for hydrocarbon reserves believed to be contained in the seabed in the Isle of Man territorial sea.

Graham Cregeen MHK, the Department’s Political Member with responsibility for Energy said: “This process is consistent with the Isle of Man’s Vision 2020 strategy that includes offshore energy as an important source of potential economic benefit for the Island. The survey would be carried-out at nil cost to the Isle of Man Government and it will be for the contractor to recover costs through the subsequent sale of the data to companies participating in any future hydrocarbon licensing round.”

The Department says it has been working closely with the Department of Infrastructure, Department of Environment Food and Agriculture and other key stakeholders to explore opportunities for offshore energy production.  In April 2014 Tynwald voted to approve the Offshore Energy Strategy Report presented by the Council of Ministers to support the development of hydrocarbon energy sources.

The Isle of Man Government owns the seabed up to 12 miles (around 4,000 sq km which is greater than 87% of our territory) and all the hydrocarbon resources below the seabed.

June 03, 2014; Image: Wikimedia

 

Share this article

Follow Offshore Energy Today

Events>

<< Jan 2020 >>
MTWTFSS
30 31 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

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

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