UK Shale Industry Gaining Momentum: IGas

  • Date: 17/06/17
  • Kallanish Energy News

The UK shale industry is gaining momentum as oil and gas explorers Cuadrilla and Third Energy also move closer to drilling their wells, IGas Energy’s CEO Stephen Bowler said on Wednesday in an update to the market.

The executive noted that IGas continues to move its shale work program forward, with three wells having received formal planning approval in North Nottinghamshire, East Midlands of England, Kallanish Energy learns.

With a shale appraisal and development plan covered by up to $230 million carried work program, IGas has signed legal agreements for the exploratory well sites at both Springs Road and Tinker Lane, in England’s East Midlands.

The planning conditions will now be discharged ahead of the construction phase and commencement of drilling activity. Spudding will commence in the fourth quarter 2017.

“We see further momentum building across the wider UK shale industry as Cuadrilla and Third Energy move closer to drilling their wells and INEOS has begun to submit planning applications and shoot seismic across its licensed acreage,” said Bowler. “This additional data will help us and the wider industry to further understand the shale prospectivity in these basins.”

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