News release - Issued by Shell to Sea - Monday 14th October 2013
SHELL TO SEA TENDER FOR OIL & GAS REVIEW
Shell to Sea have today submitted a tender application to the Department of Energy in response to Minister Pat Rabbitte's call for expert advice to review the generous oil and gas terms that are currently on offer to oil & gas companies.[1]

The Shell to Sea tender undertakes to “initiate the most thorough, far-reaching inquiry yet into the fiscal regime governing resource extraction in Ireland, taking all voices into consideration and evaluating all available data”. Shell to Sea stated that it would build on the work that had been published in its in-depth 44 page report entitled Liquid Assets, in which the 69 publically known prospects and discoveries were analysed. This report showed that energy companies estimate the potential fields could contain 21 billion barrels of oil equivalent.
Shell to Sea’s tender bid is free of charge as it feels that “assisting Ireland in getting an adequate return from its own oil and gas is payment enough”.