Chevron explains in a brief statement that the perspective of Polish life deposits are not very competitive compared to other investments of the company. Chevron will continue searching for shale gas in Ukraine.
Chevron profits fell by 30 percent.
decision is likely related to the publication of data on the financial situation of the company. Chevron profits in the fourth quarter of last year fell by nearly 30 percent compared to the same period of 2013.
Chevron announced, inter alia, a significant delay in the construction of LNG terminal in Canada. It was stressed that the impact of the decision are also increasingly lower energy prices.
Chevron was 100 percent. interest in the concession for the operation of the four fields
In Poland, Chevron has worked closely with the company PGNiG. Kooperowały companies, among others in the search for gas at Roztoczu. Chevron had a 100 percent interest in the licenses for the operation of the four fields – Kraśnik, Zwierzyniec, Frampol and Grabowiec. It is unclear how the decision will affect Americans Polish plans of the company.
This is another company that resigns from shale gas exploration in Poland. Prior to the decision taken Exxon Mobil, Total and Marathon Oil.
The Minister of Economy Janusz Piechociński believes that the withdrawal is a consequence of Chevron collapse of oil prices on world markets. – It may be that this downward trend in prices will collapse very quickly and you will have to prepare for other scenarios, as it was even with the franc. Recently fired 5,17 zł in one day, and today we know that it is less than 4 zł. Let the smoke settles a major international speculation. It is not that you have to immediately demolish the existing model – Piechociński said on Saturday.
“Expectations not withstand confrontation with reality”
Lupkow bubble bursts, expectations were much higher, and now can not withstand confrontation with reality. Polish shale gas is low, and the production costs are too high. This, according to Andrew Szczesniak, the main reasons for withdrawal of Chevron shale gas exploration in Poland.
According to the expert on the fuel market, such a decision can not be surprising, given that past experience of Polish shale gas does not feel ‘optimism . He said Andrzej Szczesniak, hopes for the raw material in Poland were so huge that significantly exceeded the reality. And that is sad – so far not found in our country shale gas in such quantities as to justify the start of its operation.
Andrew Szczęśniak added that Chevron’s decision is probably a low price of oil on world markets, which also affects the decrease in gas prices. This in turn causes the Polish shale gas is becoming less competitive.
Chris Smith, Chairman of the Working Group. Shale gas production: we want to get to the truth about shale gas.
Source: Bloomberg / x-news
What has been the boom in shale in Poland?
So far, over four years was made in Poland only 67 holes. Many foreign companies withdrew from the search on the Vistula. Government for some time now promises to facilitate the adoption of a special law and the law.
The Ministry of the Treasury is preparing regulations to make life easier for investors shale. For weeks, the Ministry of Environment reported observations that very project aims to simplify the procedures related to the protection of nature.
The quarrel of a special law shale: the dispute two ministers & gt; & gt; & gt;
A special law is, 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 that there is nothing to count on the return of the shale boom. – About any revolution no way. Company to withdraw, there are too few wells. Are the result of legal regulations in Poland and falling oil prices on world markets – expert enumerated problems.
On the battlefield remained the Polish companies
In the last year gas exploration shale in Poland withdrew several international corporations. So now perform primarily drilling Polish companies such as Lotus, PGNiG and Orlen.
Experts estimate that the full knowledge of Polish shale potential need at least 200 wells. Also stand in the way of funds Cost of one well can be as high as $ 15 million.
The Sobieski Institute: Specustawa hydrocarbon simplify the procedures associated with the extraction of shale gas.
Source: Newseria
IAR / PAP, bless
No comments:
Post a Comment