Gulf Oil and Gas accountACCOUNT

IGas Granted Approval to Drill for Shale Gas at Springs Road

Source: www.gulfoilandgas.com 11/15/2016, Location: Europe

Share |
IGas Energy plc (IGas), one of the leading producers of hydrocarbons onshore Britain, is pleased to announce that Nottinghamshire County Council's Planning and Licensing Committee has granted planning consent for the application to develop a hydrocarbon wellsite and drill up to two exploratory wells in Misson Springs, North Nottinghamshire.

Stephen Bowler, CEO of IGas commented:

"I am pleased that the Committee has made this positive determination following the recommendation by the Planning Officer. It has been a long process and everyone has been extremely thorough. We have engaged with the community at every step of the process through a local community liaison group. This is important to us given we operate 30 fields across the country and understand how imperative it is to work in co-operation with local residents whilst we work safely and sensitively.

We are at a critical juncture in the future of our energy mix and supply, as we move away from coal towards lower carbon energy sources. We rely significantly on gas in the UK, not just for electricity, but also in heating 8 out of 10 homes and as a raw material in the manufacture of many everyday products, including plastics and clothing. We believe the future of the area is as important as its rich history and, with the demise of coal mining in the area, see an important role for shale development in the creation of future jobs and prosperity.

At this stage we, as well as other onshore operators around the country, are trying to establish if the significant quantities of gas that we have identified exists in the right formations to be commercially prospective and address the issue of security of supply that we face. We now have the consent to develop a hydrocarbon wellsite and drill up to two exploratory hydrocarbon wells (one vertically and one horizontally) to help us better understand the shale gas potential in North Nottinghamshire."

Shale Gas News in United Kingdom >>

Norway >>  6/21/2017 - The Ministry of Petroleum and Energy announces the 24th licensing round on the Norwegian Continental Shelf. The licensing round includes a total of 10...
Austria >>  6/19/2017 - OECD Europe’s total commercial stocks fell by 9.5 mb in April, ending the month at 1,005 mb, which is 2.3 mb lower than the same time a year ago, but ...

Austria >>  6/15/2017 - Demand for OPEC crude in 2017 was revised up by 0.1 mb/d from the previous month. This upward adjustment was mainly due to the downward revision in no...
Austria >>  6/7/2017 - Oil futures on both sides of the Atlantic recovered, m-o-m, but their upward potential is still limited by a resurgence of shale and other oil output....

Austria >>  6/6/2017 - Open interest (OI) increased in April for selected US commodity markets such as agriculture, natural gas, precious metals, copper and livestock, while...
Austria >>  5/29/2017 - The refinery utilisation rate in the US averaged around 92% during April, corresponding to 17.0 mb/d. This represented an increase of more than 1 mb/d...

Related Categories: Coalbed Methane  General  Heavy Oil  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 

Related Articles: Coalbed Methane  General  Heavy Oil  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 


United Kingdom Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 |

More News

 

Oil & Gas Companies in United Kingdom >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.