Lansdowne has asserted that there is an alternative pathway which could fuel greater energy security. This pathway includes the development of the Barryroe oil and gas field. Barryroe, located off the south coast of Ireland, is believed to hold significant untapped energy resources. With the right investment and infrastructure, this field could provide an alternative and reliable source of energy that could significantly enhance the nation's energy security.
1. Lansdowne suggests an alternative pathway for greater energy security which includes the development of the Barryroe oil and gas field.
2. They believe Barryroe located off the south coast of Ireland, has considerable untapped energy resources that could significantly enhance Ireland's energy security.
3. This alternative approach could boost both Ireland's energy security and economic growth, reducing dependency on imported oil.
4. Investing in the Barryroe field could generate thousands of jobs, thus positively impacting both local and national economies.
5. Achieving these benefits would require cooperation between the government and the industry to balance environmental considerations with energy demands and economic viability.
The Barryroe oil and gas field is estimated to hold approximately 346 million barrels of recoverable oil.
Lansdowne argues that this alternative approach could potentially bolster Ireland's energy security while increasing economic growth. They posit that the Barryroe oil field, with its vast untapped resources, could provide a significant increase in domestic oil production. This development would in turn reduce the nation's dependence on imported oil, thereby strengthening its energy security. Furthermore, investing in the Barryroe field could potentially generate thousands of jobs, making substantial contributions to the local and national economies. Yet, realizing these benefits would require a cooperative effort from both the government and the industry to balance environmental considerations with energy demands and economic considerations.