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Press Release: BP to Recoup Losses in Ireland

Press Release

Issued by Dublin Shell to Sea
Wednesday, 21st July 2010
For immediate release
 

BP TO RECOUP LOSSES IN IRELAND

 

BP decides to do business in Ireland in the wake of the Gulf of Mexico oil spill.

 

The decision comes after the oil giant was forced to set up a remedial fund of $20 billion by the US government in the aftermath of the USA’s worst ever oil spill. Senior sources said that BP would easily recoup its Gulf of Mexico losses by coming and taking its share of Ireland’s oil and gas fields.

 

The Shell to Sea campaign issued the invitation after a weekend of reflection in Inchydoney Island Lodge and Spa. “It’s time to fall in with the consensus in Ireland, to ignore the evidence of our eyes over the past ten years, and to give unconditional support to the oil industry and government,” said new Shell to Sea spokesperson Bertie Ahern. “Our recent experience with the Corrib Gas field shows that if BP come to Ireland, they won’t have to worry about such matters as health and safety, royalties and state shares in our oil and gas – we give it all away for free, and then like eejits, we buy it back at full market price!”

 

“Best of all, like Shell in Mayo, all BP’s costs now and in the future can be written off against tax on any eventual profits they declare! And there’s no need to worry about local residents who may object to BP’s cavalier approach to their health and safety – this government’s glorious tradition of light-touch regulation for the very rich and violent repression for effective protest, has survived the financial crisis unscathed!”

 

BP could, for example, recover all its Gulf of Mexico losses with one recent large oil find off the coast of Dalkey, Co. Dublin. Providence Resources and the Malaysian state oil company, Petronas, each stand to make €30 billion from this find alone.

 

However, the all-new Shell to Sea and the residents of Dalkey are keen to ensure that BP are the ones who tap into that oil in the bay.  “Oil exploration is a tricky business and it should be left to the experts,” said Tarquin Ramsbottom the III, Green Party acting Lord Mayor of Dalkey. “Local residents generally know nothing and anyway they don't count. BP, like Shell, have the technology and the track record to ensure that this drilling will be done to the highest standards of safety, causing no harm to the environment or the local wildlife and fisheries. Like our government, we hold staunchly to this belief.”

   

ENDS

 

For further information or comment please contact:

 

Dublin Shell to Sea spokesperson

Caoimhe Kerins           

 

NOTES: 

The largest round of oil and gas exploration licences in the history of the state has just been announced by the Department of Communications, Energy and Natural Resources (DCENR). This process opens up Ireland’s entire Atlantic seabed for exploration at terms almost unchanged from those of the controversial Corrib Gas field, which Shell to Sea calls “The Great Oil and Gas Giveaway”. The DCENR estimates that there are 10 billion barrels of oil equivalent in the Rockall and Porcupine Basins off the west coast. Based on the average price of a barrel of oil for June 2010 at $75.34 or €59.61, this works out at a value of €596 billion. This does not take account of further oil and gas reserves off Ireland’s east and south coasts or inland.