Eni, Exxon, Statoil win Irish offshore oil and fuel licences
The Irish government stated on Thursday it had provided oil
and gasoline licences to agencies such as oil majors Eni (ENI.MI), Exxon
(XOM.N) and Statoil (STL.OL), allowing them to probe for hydrocarbons off the
coast of eire.
The electricity ministry has presented 14 new licences as a
primary segment of a soft for offshore blocks that offers agencies access to
new exploration areas for two years, it stated. The spherical attracted forty three
applications.
"this is by some distance the largest quantity of
packages acquired in any licensing spherical held within the Irish
offshore," said Joe McHugh, eire's minister for communications, energy and
herbal resources, in a statement.
"At a time of very low oil charges the sturdy hobby
within the round is very wonderful."
Oil prices have fallen around 70 percent in view that a peak
in mid-2014 and plenty of massive oil businesses, consisting of a number of
those which obtained Irish licences, have scaled lower back exploration budgets
as they rein in charges.other companies which had been successful in securing
licences inside the first section consist of Nexen, Europa (EOG.L), Scotia
and Woodside (WPL.AX), the government said.
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