Dáil debates
Wednesday, 16 November 2005
Prospecting Licences.
1:00 pm
Noel Dempsey (Meath, Fianna Fail)
In answer to Deputy Broughan's question, the information which the Deputy requires is published every six months. A licensing report is available and published every six months under section 57 of the Petroleum and other Minerals Development Act. Another report is published approximately three times a year which refers to the specific acreage. Both reports are available on the Department's website.
With regard to a review of the licensing terms, I have indicated in the past that if we were in a position where we had a higher hit rate than at present, I would then agree to a change in the terms and conditions of licences rather than the State setting up its own exploration company.
In response to Deputy Durkan's question and part of Deputy Broughan's question, I am reviewing one area. Depending on receipt of further information, I will consider changing the terms and conditions of the licences. If there is sufficient evidence that it may be a viable well, I will consider changing the terms.
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