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Natural Resources Committee to launch report on Offshore Oil and Gas exploration

4 May 2012, 15:23

The Joint Committee on Communications, Natural Resources and Agriculture will launch its Report on Offshore Oil and Gas exploration on Wednesday 9 May 2012 at 1:30 pm in the AV Room, Leinster House, Dublin 2.

The Joint Committee has held a number of meetings in recent months with to address the optimum approach to the development of our offshore oil and gas exploration industry. The Committee heard the diverse voices of key stakeholders in Ireland as well as Norwegian perspectives on the issue. A copy of the report, which includes wide-ranging recommendations, will be sent to the Minister for Communications, Energy and Natural Resources.   

The Chairman of the Committee, Andrew Doyle TD, says: “Ireland’s offshore oil and gas exploration industry has operated with limited success over the last 40 years.  In recent years the exploration developments off the West coast of Ireland have brought the workings of the industry to the forefront of the public mind.  Recent news reports seem to indicate further possibilities for a viable oil discovery off the South coast. It is therefore an opportune time for our Committee to publish this report on an issue critical to Ireland’s future prosperity and sustainability.

\"The Committee’s key concern has been to strike the appropriate balance between maximising State revenue with incentivising offshore oil and gas exploration, unleashing the benefits for Irish people as a whole. Consequently, much of the recommendations in the report focus on providing a fair and equitable taxation regime for the petroleum industry.\"

Event: Launch of the Report on Offshore oil and gas exploration.
Location: AV Room, Leinster House
Date: Wednesday 9 May 2012
Time:  1:30 pm

You are invited to attend, or send a representative, to the launch of the report. To attend this event you must be accredited to attend briefings in Leinster House. To arrange for accreditation for the event or for further information please contact:

Paul Hand,
Houses of the Oireachtas,
Communications Unit,
Leinster House,
Dublin 2
P: +3531 618 4484
M: +353 87 6949926
F: +3531 618 4551
paul.hand@oireachtas.ie

Committee Membership
Deputies
Tom Barry, Fine Gael
Michael Colreavy, Sinn Fein
Pat Deering, Fine Gael
Andrew Doyle, Fine Gael
Martin Ferris, Sinn Fein
Noel Harrington, Fine Gael
Martin Heydon, Fine Gael
Colm Keaveney, Labour Party
Mattie McGrath, Independent
Michael McNamara, Labour Party
Michael Moynihan, Fianna Fail
Éamon Ó Cuív, Fianna Fail
John O’Mahony, Fine Gael
Ann Phelan, Labour Party
Thomas Pringle, Independent
 
Senators
Michael Comiskey
Paschal Mooney
Pat O’Neill
Mary Ann O’Brien
Brian Ó Domhnaill
John Whelan

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