337 Dr. Cowley asked the Minister for Communications, Marine and Natural Resources if he will acknowledge the great potential in terms of hydrocarbon resources that the North Atlantic has to offer and that these waters are under explored with only nine exploration wells drilled in the past 10 years with recent oil industry assessments of yet to find resource potential indicating in excess of 10 billion barrels of oil, which can be effectively and efficiently explored using modern technology and evaluation methods, which is in contradiction to his Department’s pessimism of hydro carbon resources potential; and if he will make a statement on the matter. [37568/06]

Summary

337 Dr. Cowley asked the Minister for Communications, Marine and Natural Resources if he will acknowledge the great potential in terms of hydrocarbon resources that the North Atlantic has to offer and that these waters are under explored with only nine exploration wells drilled in the past 10 years with recent oil industry assessments of yet to find resource potential indicating in excess of 10 billion barrels of oil, which can be effectively and efficiently explored using modern technology and evaluation methods, which is in contradiction to his Department’s pessimism of hydro carbon resources potential; and if he will make a statement on the matter. [37568/06]

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• Offshore Exploration.

  xml · EN · 14 November 2006

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