ExxonMobil eyes Germany permits for shale gas drilling

26 July 2012 18:17  [Source: ICIS news]

HOUSTON (ICIS)--ExxonMobil is working to obtain permits for shale gas drilling in Germany where there is a large amount of land it wants to explore, an official said on Thursday.

ExxonMobil investor relations vice president David Rosenthal said in an earnings call that the company’s plan to obtain permits comes after a German expert group recently reported that there were no fundamental environmental or other risks that would argue against unconventional gas production in that country.

“With that [expert] study out, we are in the process now of working with the regulators and the communities to progress our exploration plans and get the permits necessary to progress,” Rosenthal told an anaylst. 

Rosenthal also said that despite disappointing results from recent exploratory shale gas drilling in Poland, ExxonMobil is not ruling out any country in Europe in terms of its shale or unconventional gas potential.

“There are a number of other countries [across Europe] that people are looking at, including ourselves,” he said.

The development of unconventional gas resources in Europe and other regions is still at its early stages, he added.

Earlier this month, BASF said it does not expect to see any significant shale gas production to come on stream in Europe in the next 10 years.

BASF, for its part, plans to carry out preliminary geological research in German shale gas regions to determine how big the country’s resources are and to assess if they can be exploited commercially and without environmental risks.

The bulk of Germany's shale gas resources is located in the densely populated North-Rhine Westphalia state.

By: Stefan Baumgarten
+1 713 525 2653

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