Sunday, December 21, 2014

What has been the boom in shale – Onet.pl

What has been the boom in shale – Onet.pl

To date, over four years was made in Poland only 67 holes. Many foreign companies withdrew from the search on the Vistula River.

The government promises to facilitate the legal and adoption of a special law.

Ministry of the Treasury is preparing regulations to make life easier for investors shale. For weeks, the Ministry of Environment reported comments that greatly simplifies the design process for conservation.

Treasury Minister Wlodzimierz Karpinski argued a few weeks ago that the government will adopt a law shale in the first quarter of next year. According to the head spring treasure, there is no dispute, but only a difference of opinion. Both departments are in the process of approval. Wlodzimierz Karpinski emphasizes that it is agreed to cut red tape associated with the exploration and extraction of raw materials.

Special Act has, inter alia, to shorten the waiting time for administrative decisions that an investor must obtain prior to the start of exploratory work. Dr. Krzysztof Księżopolski, energy expert with the Center for Political Research, University of Warsaw argues in an interview with the IAR did not count on the return of shale boom. “Oh no revolution, no way. Firms to withdraw, there are too few wells. This is due to the lack of legal regulations in Poland and falling oil prices on world markets” – lists the expert.

In the last year of shale gas exploration in Poland withdrew several international corporations. So now perform primarily drilling Polish companies such as Lotus, PGNiG and Orlen.

Ministry of the Environment reports that at the beginning of this month in Poland is still in force 56 licenses for the exploration of hydrocarbons. Experts estimate that the full knowledge of Polish shale potential need at least 200 wells. Also stand in the way of funds. The cost of one well can be as high as $ 15 million.

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