Brendan Griffin (Kerry South, Fine Gael)
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530. To ask the Minister for Communications, Energy and Natural Resources if he will consider establishing a dedicated Oil Promotional Agency in the event of further discoveries; and if he will make a statement on the matter. [27456/13]

Fergus O'Dowd (Louth, Fine Gael)
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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.