The Irish Offshore Operators’ Association (IOOA) today welcomed the announcement by Joe McHugh TD, Minister of State at the Department of Communications, Energy and Natural Resources on the response to the Atlantic Margin Licensing Round 2015.
Commenting, Professor Pat Shannon, Chairman of IOOA said,
“The Minister’s announcement demonstrates a strong level of interest by the exploration industry in the latest Licensing Round. The last Licensing Round in 2011 had 15 applications compared to the 43 announced by the Minister for this Round and confirms that the Irish Atlantic Margin clearly is viewed as an attractive area despite the current challenging global market conditions facing the industry.
The number of applications received is extremely encouraging and bodes well for Irish offshore exploration. IOOA looks forward to the announcement of the awards of blocks to successful applicants in the coming months.”