Docstoc

Gas Shales in Europe

Document Sample
Gas Shales in Europe Powered By Docstoc
					Gas Shales in Europe - Industry Development, Competitive Landscape and Market
Analysis to 2020

Shale Gas Production in Europe Will Take at Least a Decade to Make a Significant
Impact

The shale gas industry in Europe is still in its infancy. It is expected that it will take about
two to five years to firmly establish the potential of shale plays in Europe and it is only
after 2020 that the production will have any considerable affect on the supply of natural
gas.Shale gas production in Europe is expected to reach 1.2 billion cubic feet per day
(bcf/d) by 2020. However, if the results from the prospective basins are encouraging,
shale gas may change the structure of the energy industry in Europe in the long term.

Huge interest in shale gas potential in Poland has made the country a key area for shale
gas exploration. Major international oil companies (IOCs) like ExxonMobil Corporation,
Chevron Corporation, ConocoPhillips, Talisman Energy and Marathon Oil have
accumulated significant acreages in prospective shale gas basins in the country.

For further details, please click or add the below link to your browser:
http://www.globaldata.com/reportstore/Report.aspx?ID=Gas-Shales-in-Europe-
%E2%80%93-Market-Analysis-Industry-Development-and-Competitive-Landscape-to-
2020&ReportType=Industry_Report&coreindustry=Industry_Report&Title=Energy_and
_Utilities

Many companies have started also started exploration activities to test Poland’s shale
potential. Poland’s Polskie Gornictwo Naftowe i Gazownictwo SA (PGNiG) drilled the
country's first shale well in April 2010. Encouraged by its results, the company started
fracturing the well. Lane Energy and ConocoPhillips have also drilled two vertical wells -
Łebień LE1 and Łęgowo LE1, to test the shale formation. Other companies like Talisman
Energy and BNK Petroleum are also planning to drill wells in their respective
concessions.

The results from these exploration activities will decide the level of future activities in
Poland and also across Europe. Positive results are expected to lead to an increased
interest in shale gas resources across Europe.

There are a number of major issues that may hinder the development of shale gas in
Europe. The growing environmental concerns over the development of shale gas
resources will also be one of the major challenges in the development of shale gas
industry in Europe. Already, the drilling by Royal Dutch Shell in southern Sweden has
attracted opposition from some local residents and green activists, who are worried about
the environmental impact if shale gas deposits are exploited on a large scale.

GlobalData’s new report, “Gas Shales in Europe - Industry Development, Competitive
Landscape and Market Analysis to 2020”, provides an in-depth analysis shale gas
industry in Europe. The report details the shale gas potential in Europe providing details
of the key exploration areas. The report also details key companies exploring shale gas in
Europe, major drivers and challenges in shale gas development and also key merger and
acquisition activities in the European shale gas industry. The report discusses the
development of shale gas exploration in Poland detailing concessions awarded,
companies involved, drivers and challenges in development and expected economics. The
report also details key development in other European countries. The report analyzes the
key implications of shale gas development in Europe.

For further details, please click or add the below link to your browser:
http://www.globaldata.com/reportstore/Report.aspx?ID=Gas-Shales-in-Europe-
%E2%80%93-Market-Analysis-Industry-Development-and-Competitive-Landscape-to-
2020&ReportType=Industry_Report&coreindustry=Industry_Report&Title=Energy_and
_Utilities

Visit our report store: http://www.globaldata.com

For more details contact:
pressreleases@globaldata.com
North America:        +1 646 395 5477
Europe:               +44 207 753 4299
                      +44 1204 543 533
Asia Pacific:         +91 40 6616 6782

				
DOCUMENT INFO
Shared By:
Categories:
Stats:
views:33
posted:11/18/2010
language:English
pages:2
Description: Shale Gas Production in Europe Will Take at Least a Decade to Make a Significant Impact