Written Answers. - Irish Share of Offshore Exploration Expenditure.

Tuesday, 11 June 1985

Dáil Eireann Debate
Vol. 359 No. 6

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18.

Mr. Reynolds: Information on Albert Reynolds  Zoom on Albert Reynolds  asked the Minister for Energy if he is aware that Irish support and service companies only attained approximately 33 per cent of the total expenditure on exploration in 1984; and the action he proposes to take to substantially increase that share.

Minister for Energy (Mr. Spring): Information on Dick Spring  Zoom on Dick Spring  The IIRS who have responsibility for implementing the provisions of section 62 of the offshore licensing terms, which is designed to promote participation by Irish industry in offshore exploration and development, have confirmed that Irish service companies secured 33 per cent of the total exploration expenditure offshore Ireland in 1984. To put this figure properly into context it should be noted [987] that of the total expenditure offshore Ireland in that year, viz IR£55 million 63 per cent related to supplies and services which Irish industry cannot provide, e.g. drilling rigs, drill pipe, downhole logging services, etc. Thus the 33 per cent of total market secured by Irish service companies represents 78 per cent of the available market which reflects a very creditable performance by the Irish companies and by the IIRS on their behalf.

A number of initiatives have recently been taken which should improve the position of the Irish service companies. These include the organisation of joint venture projects with suitable overseas firms, the arrangement of workshops and seminars to aid Irish companies in their tenders for offshore contracts and new procedures under section 62 for inviting such tenders. Additionally, the IIRS will continue to monitor closely the award of contracts to ensure the maximum participation within the provisions of the licensing terms, of all interested Irish service companies.


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