Menu
Allianz and Afloat - Supporting Irish Boating

Ireland's sailing, boating & maritime magazine

In association with ISA Logo Irish Sailing

Displaying items by tag: Minister of State, Fergus O'Dowd TD

#powerfromthesea – Speaking in London at a debate hosted by the London Irish Business Society, Minister of State, Fergus O'Dowd T.D., said "Offshore Ireland has a significant potential for oil and gas finds. Recent discoveries and on-going petroleum research indicate a positive resource potential, but how this unfolds will vary depending on the level of exploration activity and its success."

The Minister went on to say "It is only through active exploration that the potential of the Irish offshore will be proven. Ireland's offshore area is vast, – 700,000 sq km approximately, but there has been relatively few commercial successes in over forty years exploration. We need increased levels of exploration activity, in particular exploration drilling levels if true potential is to be proven".

The Minister confirmed the Government intended to formally commence the next licensing round in the coming months and pointed to a number of initiatives by the Government aimed at improving the perspective on prospectivity offshore Ireland by enhancing data availability and moving to de-risk exploration effort. In particular, he pointed to the commencement in June 2013 by far the largest regional 2D seismic survey ever to be acquired in the Irish offshore. He also highlighted the research that he and Minister Rabbitte had commenced to review the fitness for purpose of Ireland's Fiscal Terms and his expectation that the outcome of that review would be available to inform the next licensing round.

Minister O'Dowd underlined the new interest in Ireland, pointing to the significant new entrants to the Irish offshore following the 2011 round and his determination to build on this momentum. The Minister concluded by stressing "Ireland is open for Business, there are good opportunities for accessing exploration acreage and Ireland has modern, open, transparent and effective regulatory processes."

Published in Power From the Sea

About boot Düsseldorf: With almost 250,000 visitors, boot Düsseldorf is the world's largest boat and water sports fair and every year in January the “meeting place" for the entire industry. From 18 to 26 January 2020, around 2,000 exhibitors will be presenting their interesting new products, attractive further developments and maritime equipment. This means that the complete market will be on site in Düsseldorf and will be inviting visitors on nine days of the fair to an exciting journey through the entire world of water sports in 17 exhibition halls covering 220,000 square meters. With a focus on boats and yachts, engines and engine technology, equipment and accessories, services, canoes, kayaks, kitesurfing, rowing, diving, surfing, wakeboarding, windsurfing, SUP, fishing, maritime art, marinas, water sports facilities as well as beach resorts and charter, there is something for every water sports enthusiast.

At A Glance – Boot Dusseldorf 

Organiser
Messe Düsseldorf GmbH
Messeplatz
40474 Düsseldorf
Tel: +49 211 4560-01
Fax: +49 211 4560-668
Web: https://www.boot.com/

The first boats and yachts will once again be arriving in December via the Rhine.

Featured Sailing School

INSS sidebutton

Featured Clubs

dbsc mainbutton
Howth Yacht Club
Kinsale Yacht Club
National Yacht Club
Royal Cork Yacht Club
Royal Irish Yacht club
Royal Saint George Yacht Club

Featured Brokers

leinster sidebutton

Featured Webcams

Featured Car Brands

subaru sidebutton

Featured Associations

ISA sidebutton dob
ICRA
isora sidebutton

Featured Events 2020

Wave button for Afloat new dates

Featured Chandleries

CHMarine Afloat logo
osm sidebutton
viking sidebutton

Featured Sailmakers

northsails sidebutton
uksails sidebutton

quantum sidebutton

Featured Marinas

dlmarina sidebutton

Featured Blogs

W M Nixon - Sailing on Saturday
podcast sidebutton
mansfield sidebutton
BSB sidebutton
sellingboat sidebutton

Please show your support for Afloat by donating