IRELAND AWARDS FRONTIER LICENSES TO FIVE GROUPS

Ireland has awarded exploration licenses covering 28 of 128 offshore tracts offered in the Atlantic Ocean in the country's first frontier licensing round. Five bidding groups including 10 companies received 16 year exploration licenses, each consisting of four 4 year phases with specified work programs. The acreage awarded covers parts of Slyne and Erris troughs and is in 650 6,500 ft of water about 43 miles off the Irish mainland.

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