facebook
twitter
rss
account
search
search
 

Ireland plans offshore oil, gas probe

June 5, 2013 at 8:46 AM   |   Comments

DUBLIN, Ireland, June 5 (UPI) -- A survey of the oil and natural gas potential in the Irish waters of the Atlantic Ocean will be the largest of its kind, the natural resources minister said.

Ireland imports all of its oil and relies in foreign sources for 90 percent of its natural gas needs. Natural Resources Minister Fergus O'Dowd signed off on plans to conduct a seismic survey off the coast of Ireland to examine the domestic oil and natural gas potential.

He said the survey would last about 145 days. Part of the survey may extend into next year, however, depending on weather conditions.

The information will be used by the government to evaluate the potential for offshore development.

"At a cost of $26 million this is by far the largest regional seismic survey acquired in the Irish offshore, and will provide a regional grid of high-quality seismic data over Ireland's frontier basins," he said in a statement published Tuesday.

The survey will be conducted by the Irish subsidiary of Italian energy company Eni in coordination with the Department of Communications, Energy and Natural Resources in the Atlantic waters.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
trending
2014: The Year in Music [PHOTOS]

2014: The Year in Music [PHOTOS]

Most Popular
1
Brazil assessing capabilities of Russian air defense system
2
City of London Police get Kaspersky Lab training
3
U.S. Navy receives first low-rate production RAM Bock 2 missile
4
Iran vetting oil customers
5
Zephyr 7 UAS chalks up new achievement
Trending News
Video
x
Feedback