A report released by the Shell to Sea campaign, which has opposed the Corrib gas field off Mayo, last year claimed there are 69 prospects, discoveries and licensed areas off Ireland and that energy firms estimate the potential finds could hit 21 billion barrels of oil equivalent.
24 September 2013
Independent advisers are being sought by the Government to assess if the right tax is being charged for the oil and gas industry.
A review of controversial reliefs for exploration companies will be included in the audit along with the level of other special fiscal arrangements for big energy firms.
Pat Rabbitte, Minister for Communications, Energy and Natural Resources, said he wants experts to review if the current terms for exploration, development and production are fit for purpose.