Predator Oil & Gas Holdings Plc, the Jersey-based Oil and Gas Company with operations in Trinidad, Morocco and Ireland, welcomes yesterday's renewed commitment by the Irish Government to honour existing licences issued by the State for oil and gas.

Predator Ireland assets

All options for energy security in the future that utilise existing oil and gas infrastructure should be explored.

Subsurface oil and gas reservoirs provide a potentially valuable asset for safe CO2 sequestration during the transition to green energy dominance.

Predator remains focussed on promoting CO2 sequestration projects based on our extensive experienced gathered through interaction with government policy makers, regulators and the environmental management authority in Trinidad. Our practical operational experience and extensive data gathered to date during CO2 injection are valuable assets to assist policy makers in framing future legislation and regulation of CO2 sequestration from an environmental and investment perspective.     

Paul Griffiths, CEO of Predator Oil & Gas Holdings Plc commented:
"With the natural transition to greener energy, it is incumbent on policy makers and regulators to be inclusive, in order to utilise  all the available expertise and practical knowledge to develop a workable policy for CO2 sequestration along the way to a sustainable energy future. To facilitate such developments Predator will work with regulators, where invited to do so, to promote enabling legislation that facilitates CO2 sequestration. We have pioneered a new era of CO2 injection in Trinidad and de-risked the potential for larger scale CO2 sequestration. Why not Ireland?"

KeyFacts Energy: Predator Oil & Gas Ireland country profile