# reach details about the end of the shale gas exploration in Poland by Chevron #
31.01. Warsaw (PAP / Reuters) – The US company Chevron ends shale gas exploration in Poland. “New York Times” wrote on Saturday, according to the company’s earnings in the fourth quarter of last year fell nearly 30 percent. compared with 2013. to $ 3.5 billion, which is attributed to the decline in oil prices.
Chevron’s largest range of Western corporations engaged in Eastern Europe – writes the NYT. In addition to the test wells in Poland and Romania signed a contract with Ukraine and Lithuania.
The Polish branch of the second largest oil company in the United States decided to end the search for shale gas in Poland, as the country is not competitive compared to other countries in which the company operates – Chevron said in the message.
The company also announced that it is still considering the results obtained from wells in Romania. The company has already withdrawn from Lithuania and though he still maintains an office in Ukraine, any action there are at an impasse.
As the NYT writes, “Chevron withdrawal of Polish reflects the pressure on all oil companies to cut spend after the recent decline in oil prices by 60 per cent. But in Europe Chevron crossed treatments difficult geological conditions and stiff opposition society motivated by ecological rations. ”
The newspaper adds in this context that the extraction of oil and gas from shale often requires the controversial technique of hydraulic fracturing, or injection under very high pressure mixture of water, sand and chemicals into horizontal wells. The defenders of the environment are concerned that it may pose a risk to soil, groundwater and human health.
In recent years, the Polish Ministry of the Environment has issued more than 100 licenses for exploration of unconventional gas in Poland, including for companies: Chevron, PGNiG, Lotos and Orlen Upstream. Withdrew from the Polish, among others Exxon, Total and Marathon. According to the NYT Chevron is the last company that withdrew from the Polish.
NYT writes that in Poland made 68 wells, but none of the director of the Polish Geological Institute Pieńkowski Gregory did not use for production purposes.
NYT cites an interview with Penkovsky, who pointed out the difficult geological conditions in Poland: “Unlike in the United States, where shale formations are fragile and can easily succumb to fracturing due to the high content of calcium carbonate, Polish shale are plastic and very difficult to fracturing. In addition, part of the [Polish] structures clay shale contains material which swells in contact with water, blocking the flow of [gas] “.
Pieńkowski noticed at the same time – the newspaper noted that “the wells drilled in Poland so far is only a fraction of the wells drilled in the United States.”
Director of the Institute of Geological he concluded – NYT writes that “at best, Poland may have a slightly + + remote mining areas than one large slate belt, which initially was hope.” As a result, “the industry got + unpleasant lesson that cost a lot of money +”.
No comments:
Post a Comment