Dáil Éireann - Volume 272 - 16 May, 1974

Ceisteanna—Questions. Oral Answers. - Oil Exploration Licences.

40. Mr. Andrews asked the Minister for Industry and Commerce when he proposes to grant exclusive exploration licences to those oil companies which have applied for such licences; the terms of such licences; and if he will make a general policy statement in the matter.

Mr. Keating: The question of policy and procedures relating to the granting of such facilities is at present under consideration. This is a very complex matter requiring close and detailed study but I would hope to make an announcement later this year, following which applications for exclusive exploration licences will be invited.