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offsite link Another Flaw in Ed Miliband?s Clean Power Agenda Wed May 14, 2025 07:00 | Ben Pile
When will Ed Miliband face facts on wind power, asks Ben Pile. As another key wind farm falls through, leaving his 2030 target in tatters, he must accept that wind power is not getting cheaper; bills are not going down.
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offsite link News Round-Up Wed May 14, 2025 01:00 | Richard Eldred
A summary of the most interesting stories in the past 24 hours that challenge the prevailing orthodoxy about the ?climate emergency?, public health ?crises? and the supposed moral defects of Western civilisation.
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offsite link Criminals to Be Released After a Third of Prison Sentence Tue May 13, 2025 21:33 | Will Jones
Prisoners will be released from jail as little as a third of the way through their sentences if they behave well, under Government plans to tackle the?overcrowding crisis.
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offsite link It?s Not ?CSE?. It?s Child Rape Tue May 13, 2025 17:30 | Joanna Gray
It's not 'CSE'. It's child rape, says Joanna Gray. Enough with the sterile acronyms that seem designed to conceal the horror. Enough of the "bewitchment of our intelligence by means of language" (Wittgenstein).
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offsite link The NHS No Longer Recognises the Reality of Biological Sex Tue May 13, 2025 15:35 | Caroline Ffiske
It's going to take more than a Supreme Court judgment to flush gender pseudoscience out of the NHS, says Caroline Ffiske. In every policy and definition the NHS has dropped biological sex in favour of subjective feelings.
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Voltaire Network
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offsite link Will intergovernmental institutions withstand the end of the "American Empire"?,... Sat Apr 05, 2025 07:15 | en

offsite link Voltaire, International Newsletter N?127 Sat Apr 05, 2025 06:38 | en

offsite link Disintegration of Western democracy begins in France Sat Apr 05, 2025 06:00 | en

offsite link Voltaire, International Newsletter N?126 Fri Mar 28, 2025 11:39 | en

offsite link The International Conference on Combating Anti-Semitism by Amichai Chikli and Na... Fri Mar 28, 2025 11:31 | en

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Donegal Geologist's View

category national | sci-tech | opinion/analysis author Monday August 07, 2006 13:23author by Anon Report this post to the editors

Geologist view on Oil Exploration in Ireland

As a Geologist working for a major international Oil company (currenty exploring off the Irish west coast) I believe that the 1992 ruling on exploration licenses is enabling Ireland to place itself as a net exporter of hydrocarbons.One must realise that exploring for oil is highly risky , 10% of drilled wells are successful and each exploration well can cost in the order of 30-50million euros also essential seismic data acquistion does not come cheap.

For Irish offshore oil exploration to compete on a global level (which it must) with the likes of 'cheap' exploration countries like the Middle East, the Far East, China and Africa, Ireland needs good tax incentives to encourage oil companies to spend a huge amount of time, money and effort in searching for what is an elusive, deminishing natural resource. This legislation was put in place in 1992 and has in my opinion done reasonably well in keeping the multinationals and smaller startup oil comapnies exploring for oil offshore Ireland.

The legsilation that does need to change is the production agreements (that is when a commercially viable field is discovered). The tax regime should be either more punititve or an Irish National oil company needs be set up as in Norway (Statoil). This would be my prefered choice, it helps in job creation , knowledge transfer (from the multinationals to Ireland), and offices could be set up in the poorer counties on the west coast thereby benefiting not only Donegal but also the whole of Ireland.

Yours

Anon

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