International - Shale Gas

Scotland May Have Shale For 30 Years' Worth Of UK Gas Needs

Scotland, heading for a September independence referendum, could hold enough shale gas resources to cover UK gas needs for more than 30 years.

Reuters
30/06/2014 20:17
Visualizações: 240 (0) (0) (0) (0)

Scotland, heading for a September independence referendum, could hold enough shale gas resources to cover UK gas needs for more than 30 years, a geological report published by the British government showed on Monday.

But Scotland's roughly 80 trillion cubic metres of gas is only around 6 percent of Britain's potential, with the rest mainly in the Bowland Shale region across northern England.

 

The British Geological Survey report, the third focusing on high potential areas which have covered northern and southern England, said the populous Midland Valley area of Scotland also holds around 6 billion barrels of shale oil.

 

Energy Minister Michael Fallon set the findings firmly in the context of Scotland potentially splitting from Britain.

 

"Only the broad shoulders of the United Kingdom can attract investment in new energy sources and maintain the UK's position as one of the world's great energy hubs - generating energy and generating jobs," he said in a statement

 

Britain is betting on the development of shale gas to help curb its growing dependence on imports and to stem a decline in oil and gas tax receipts as output from the mature North Sea basin falls rapidly.

 

Scotland already produces the bulk of Britain's oil and gas and estimates for future conventional fossil fuel production show this is set to continue.

 

 

In total, the three BGS reports on unconventional oil and gas resources showed Britain has around 1,409 trillion cubic feet of shale gas and 10.4 billion tonnes of shale oil in place.

 

These estimates are based on scarce data and further exploratory drilling needs to be undertaken to determine how much shale oil and gas can actually be recovered, the BGS said.

 

None of Britain's shale gas explorers have yet undertaken any hydraulic fracturing, or fracking, whereby shale gas is extracted from deep rock formations by breaking it using water, sand and chemicals.

 

The shale gas industry is gearing up for Britain's first onshore oil and gas licensing round in six years that will allow companies to bid for permits in shale oil and gas areas.

 

Some of the companies active in Britain's shale market are IGas, Egdon Resources and Cuadrilla.

 

"This report will give reassurance to investors who wish to explore for oil and gas onshore in Scotland," said Ken Cronin, chief executive of the UK Onshore Operators Group representing the industry.

 

Some critics of shale gas, including environmental groups, claim shale gas extraction damages the environment because of harmful chemicals it uses.

 

Most Read Today
see see
ROG.e 2026
M&O and Belga Marine to Showcase Global Energy and Offsh...
17/09/26
26th WPC
WPC ENERGY announces the theme, date and location for it...
16/09/26
New Contracts
Petrobras awards Strohm a contract to supply thermoplast...
15/09/26
ROG.e 2026
Equinor Celebrates 25 Years in Brazil and Showcases Its ...
15/09/26
ROG.e 2026
Sindicom to Host Lubricants Arena at ROG.e 2026
15/09/26
ROG.e 2026
ROG.e 2026 Expected to Generate R$ 593 Million for Rio d...
14/09/26
ABPIP
Independent Producers Propose Nine Measures for the Next...
14/09/26
Products and Services
RiverTough Bearings and Seals
05/09/26
International Company News
OES Group Returns to Private Ownership Following Managem...
31/08/26
Pre-Salt
Petrobras platforms P-80 and P-82, which will operate in...
31/08/26
Royalties
Values related to June production were distributed to st...
27/08/26
People
bp appoints Felipe Arbelaez head of country for Brazil
27/08/26
ROG.e 2026
ROG.e 2026 brings global leaders together to discuss the...
26/08/26
Pre-Salt
Búzios field sets monthly and daily natural gas export r...
26/08/26
Navalshore
Firjan SENAI presents the Supplier Opportunities Network...
17/08/26
Equatorial Margin
Morpho Well: Petrobras discovers hydrocarbons in ultra-d...
15/08/26
Power Generation
Campo Grande hosts four days of debates on bioenergy and...
12/08/26
International
KPMG: fossil fuel consumption falls, despite oil's signi...
12/08/26
Fenasucro
Fenasucro & Agrocana opening highlights Brazil's leaders...
12/08/26
Event
IBP and BIP bring together leaders to discuss technology...
11/08/26
Event
Asset Management gains prominence in corporate strategy;...
11/08/26
VEJA MAIS
Newsletter TN

Contact us

We use cookies to ensure you have the best experience on our website. If you continue to use this site, we will assume that you agree with our Privacy Policy, terms of use and cookies.

2