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Donegal Geologist's View
national |
sci-tech |
opinion/analysis
Monday August 07, 2006 13:23 by Anon
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. |