11 July 2012 16:00 [Source: ICIS news]
LONDON (ICIS)--BASF’s Wintershall oil and gas unit is preparing to apply for hydraulic fracturing (fracking) permits to explore a gas field in ?xml:namespace>
Wintershall said that its gas deposit at Barnstorf, northwest of Hanover, contains tight gas, which is stored in layers of rock deep underground made of compact sandstone, and can be produced with fracking.
CEO Rainer Seele said the company would ensure that its use of the technology is “compatible with ecological considerations.”
“Wintershall works with high environmental standards as a matter of principle and ensures a maximum level of environmental protection and transparency by means of a voluntary commitment,” Seele added.
Media officials at Wintershall's headquarters in Kassel were not immediately available for additional comment.
German domestic natural gas production covers about 15% of the country’s overall requirements, with
Meanwhile, Wintershall is also assessing the use of a fungus-based biopolymer – schizophyllan – in enhanced oil recovery at an oil site near Barnstorf, it said. The company researched schizophyllan together with BASF.
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