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Poland sees at least 41 more shale gas wells in 2012

Poland, Europe's shale gas pioneer, expects companies to drill at least 41 more wells this year to shed more light on the country's gas potential.

The environment ministry, which has granted 111 rights to drill for shale gas to companies including Chevron and Exxon Mobil, also said on Friday there were "a few tens" of new requests for exploration licences awaiting approval.

"The more wells we make in a short period of time, the faster we will get a confirmation of our forecasts regarding shale gas resources," it said. Analysts have said that to get a clear picture of the size and quality of shale gas reserves in Poland at least 100 wells must be drilled.

Poland has pegged its recoverable shale gas reserves at 346-768 billion cubic metres, below an earlier estimate of 5.3 trillion by the U.S. Energy Information Association, dashing hopes the country could become one of Europe's largest gas producers.

So far, 23 shale gas wells have been drilled in Poland with a further six are in the works. Licence holders are obliged to drill at least 122 wells by 2021, a number that could grow by a further 186 wells, the ministry said.

The European Union member is making a large bet on shale gas as it could help the country's coal-reliant economy meet the challenges of the EU's climate policy, even while some countries have banned shale exploration pending environmental studies.

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Added: Jul-6-2012 Occurred On: Jul-6-2012
By: Flash_Back
World News
Tags: Poland, world news, energy, shale gas
Location: Poland (load item map)
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