03 August 2011 17:36 [Source: ICIS news]
LONDON (ICIS)--Three companies have become the first to apply for shale gas exploration licences in the ?xml:namespace>
Explorers of unconventional gases, UK-based Cuadrilla Resources and Australia-based Basgas, as well as Czech crude oil and natural gas company Moravske naftove doly, would commence drilling within two years if the licences were issued, the ministry added.
A study for estimating the size of shale gas reserves in the
Initial geological studies suggest that drilling costs in the
However, shale gas production would be worthwhile under certain conditions, it said.
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