Shale gas test well 'achieves Europe's best yet flow rate'

28 August 2013 17:42  [Source: ICIS news]

LONDON (ICIS)--Lane Energy Poland has achieved the fastest flow of shale gas seen to date at a well in Europe, the company confirmed on Wednesday.

The exploration company is extracting approximately 8,000 cubic metres of shale gas per day from its Lebien 2H trial well in the Baltic Basin, northern Poland, it added.

However, the flow rate of the unconventional gas is not yet at a commercial level and it was too early to say whether the well has commercial prospects, Lane Energy Poland said.

The company is a subsidiary of Isle of Man-based investment company 3Legs Resources.

The Polish government has been encouraging exploration companies to continue with their efforts at identifying commercially viable shale gas deposits following pullouts by US energy major ExxonMobil, Canada’s Talisman Energy and US company Marathon Oil.

The companies cited a lack of commercial discoveries in Poland's shale gas sector, while Talisman also complained about a discouraging Polish regulatory environment.

However, analysts said the withdrawal of the companies was not necessarily a “tragedy” for Poland's shale gas hopes, saying it might just require more time for other exploration operators to achieve sustainable success.


 


By: Will Conroy
+44 20 8652 3214



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