IGas Begins Drilling Shale Well In Effort To Accelerate UK Fracking

  • Date: 27/11/18
  • Financial Times

IGas, the UK’s largest onshore oil and gas producer, has started drilling the country’s third shale gas well in the north of England, as it seeks to follow Cuadrilla into fracking in the UK.

The company on Tuesday began drilling on an appraisal well at Tinker Lane in North Nottinghamshire, which will be the first dug since Cuadrilla completed the UK’s first two in Lancashire earlier this year.

IGas, backed by private equity group Kerogen Capital, does not yet have a licence to begin hydraulic fracturing, or fracking, at Tinker Lane. The well will dig down 1,800 metres over 60 days to appraise the feasibility of a potential fracking operation at the site.

The announcement comes as a host of companies gear up to follow Cuadrilla into exploiting the UK’s shale gas reserves, at a time when the country is increasingly reliant on volatile imports as production in the North Sea declines.

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