Oil & gas journal/Oil and gas journal · 1992 · 16 citations · 0 references
Natural SciencesEarth SciencesGeologyMarine GeologyPetroleum GeologyReservoir CharacterizationExploration GeologySedimentary Basin AnalysisClosing Date DeterminationCross-border Petroleum TaxationFrontier Basin ExplorationTaxation Of Petroleum Resources
This paper reports that the Erris and Slyne troughs are underexplored Mesozoic sedimentary basins off Ireland's northwest coast. The Irish Minister for Energy announced on Apr. 19, 1991, a frontier acreage licensing round of 128 blocks covering 29,000 sq km in these basins and the adjacent Rockall trough. Closing date for the round is June 30, 1993, set to allow two seasons for the acquisition of new geophysical and geological data over the area. Ireland has recently announced a new petroleum taxation regime. Revised licensing terms, which will acknowledge the specific circumstances of frontier acreage, will be announced.