12 July 2012 19:00 [Source: ICIS news]
LONDON (ICIS)--BASF’s Wintershall oil and gas business does not expect that there will be any substantial shale gas production in ?xml:namespace>
In contrast with the US, shale gas development in
“Before you can have real gas production from a field, that takes up to 10 years,” Leunig said.
He pointed to Poland, where contrary to earlier expectations, exploratory shale gas drilling turned out to be disappointing and US major ExxonMobil recently ended shale gas exploration in that country.
“We really cannot compare what is happening in Europe with the
Wintershall, for its part, will be conducting preliminary geological research into
The company’s research will not involve the controversial hydraulic fracturing (fracking) technology, he said.
However, Wintershall will employ fracking at a tight gas field in Lower Saxony, but tight gas fracking is relatively unproblematic, compared with shale gas fracking where large amounts of water and chemical additives are required, Leunig said.
Wintershall is experienced in tight gas fracking and has been using the technology without problems for more than 30 years in
Wintershall’s German tight gas field near Barnstorf, northwest of
“This is relatively big, for a German field, given that we don't have much natural gas,” Leunig said. First commercial production could begin as early as 2015, he added.
Winterhall’s gas production in
“But of course, as a large consumer of gas, BASF is always looking at gas supplies [for its chemical production] – especially in the
Leunig added that Wintershall is also looking at shale gas exploration in
Asked about the Repsol expropriation in
“We see the Repsol situation as a unique case, but of course we are looking closely at what is happing in
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