Jerry Cowley (Mayo, Independent)

I seek the adjournment of the Dáil under Standing Order 31 to raise a matter of national importance, namely, the great potential in terms of hydrocarbon resources that the north Atlantic has to offer and that these waters are underexplored, with only nine exploration wells drilled in the past ten years and only two major finds; and the recent oil industry assessments of yet-to-find resource potential indicating in excess of 10 billion barrels of oil, which is worth €500 billion to €600 billion, which can be effectively and efficiently explored using modern technology and evaluation methods, which is in contradiction to Government pessimism of hydrocarbon resources potential off our coast.

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