Following the current exploration drilling and move testing in Northern Britain, UKOOG (UK Onshore Oil and Gas) has revisited the shale gasoline forecasts first revealed by the Institute of Directors (IoD) in 2013. Central state of affairs for shale gasoline manufacturing per nicely elevated by 72%
UKOOG stated: “The exploration and appraisal work that the UK’s onshore gasoline business has achieved thus far, together with the early outcomes from Cuadrilla’s Preston New Road (PNR) web site in Lancashire, signifies that the UK has a world-class shale gasoline useful resource play inside the carboniferous basins in central Britain. Initial knowledge from the wells at PNR signifies excessive gasoline content material, low processing necessities and glorious rock properties for fracturing within the Bowland basin. Early evaluation of the shale samples from Tinker Lane in Nottingham and a big shale part recovered on the Springs Road nicely in Nottingham can also be encouraging for the potential gasoline sources within the Gainsborough Trough basin. Initial move check knowledge from PNR, scaled up for a full-length lateral with all levels successfully hydraulically fractured, permits us to extend our earlier estimates of manufacturing from every lateral.”
In 2013, the IoD had a central forecast of nicely manufacturing at three.2 billion cubic ft (bcf) of gasoline over a 20-year lifetime, with an higher forecast of four bcf. This was broadly in step with US shale gasoline outcomes. Following evaluation, UKOOG has revised these estimates upwards to a central case state of affairs of 5.5 bcf, a rise of 72%. This matches the present US common, with a high-end state of affairs of eight bcf, which is in step with one of the best performing US shale basin, the Marcellus.
Ken Cronin, Chief Executive of UK Onshore Oil and Gas (UKOOG), commented: “This is a really important improve to earlier estimates. The business thus far has invested between £400m and £500m in exploring for shale gasoline within the UK, creating native jobs and provide chain alternatives. The UK spends £7bn at current per yr on importing gasoline into this nation, producing subsequent to nothing by the use of UK advantages, leaving us much less safe and making a larger environmental affect as gasoline is shipped and piped in throughout oceans and continents. Last yr the UK’s LNG imports grew by 20%, with Russian LNG exhibiting the most important improve at almost 20 occasions the 2017 figures – the equal to supplying 1.6 million UK houses. Given these new projections, it now makes completely no sense to disregard our big useful resource of homegrown gasoline.”
According to UKOOG the UK’s shale gasoline sources are appreciable. The British Geological Survey has estimated that the Bowland-Hodder (Carboniferous) shale gasoline play within the North of England (Bowland Shale) accommodates 1,329 trillion cubic ft (tcf) of shale gasoline in place.1 The UK’s annual consumption of gasoline is round 2.5 tcf. 2 Therefore, simply 10% of the gasoline in place within the Bowland shale could be enough for 50 years of UK gasoline consumption. (Source: UKOOG – Image: Cuadrilla/Cuadrilla employee at Preston New Road drilling web site)
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