Oil and gas set for €500m cash boost

Around €500m is set to be invested in Ireland's oil and gas sector over the next two years, according to a new survey by PwC.

The figure, based on responses from 57 oil and gas companies here, comprises investments in exploration activities like drilling or shooting seismic imaging, according to Ronan MacNioclais, a partner in PwC's oil and gas practice.

"Predator Oil & Gas is hoping to drill in its Corrib South field in 2020 and Europa Oil & Gas are aiming to drill their Inishkea prospect in 2019 or 2020," the report said. 

Read the full article in the Irish Independent