Manx waters licencing round begins
The government is inviting those interested in exploring the Island's waters for oil and gas to come forward.
Prospective applicants have until December 10th to become involved in, what's termed, the hydrocarbons licensing round, which starts today (11 Sep).
Exploration teams can view the potential of the entire Irish Sea area as this round of licensing coincides with a similar exercise in the UK.
Suggestions as to how much the Island might gain in fees and taxes, if the exercise goes well, range up as high as a hundred million pounds in twenty years.
Director of Energy Policy, Dr Ken Milne, says its a lengthy process:
School leaders’ union claims members’ concerns ‘ignored’ amid Tynwald whistleblowing inquiry
Lord Street development granted planning permission
No Ireland sailings for Paddy's Day
Doctors claim 'critical shortfall' in hospital beds is posing 'direct risk' to life
Every baby born at The Jane to receive free book
Comments
Add a comment