WATCHING THE WORLD TAX TEMPTS MAJORS BACK TO IRELAND

With David Knott from London It looks like the Irish government's attempt to revive offshore exploration is working. Marathon Petroleum Ireland Ltd., the only major that maintained its faith in the region, has been joined by Amoco Ireland Exploration Co. in a joint exploration program in the Celtic Sea south of Ireland. Having renegotiated its gas price deal with the government, Marathon is to drill seven wells before the end of 1996. Amoco will join in the first three of these, with 25%

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