My Department currently delivers an active and targeted promotional campaign directed at attracting an increased share of mobile international exploration investment to the Irish offshore. This promotional campaign forms part of a broader strategy that has contributed to the increase in the number of companies currently involved in exploration in the Irish offshore. It is not proposed to establish a new and additional public body to carry out this function.
In the event of a number of further commercial discoveries being made in the future, there would be less need to actively promote the exploration potential of the Irish offshore.