Shale Gas projects in Poland

According to Gerson Lehrman Group, Chevron and Exxon Mobil are two of the most influential companies in the oil and gas industry. The gas and oil industry is looking outside the Middle East for future drilling projects. Russia and Poland are two locations that are recently gaining interest from major gas and oil companies such as Chevron Corp. and Exxon Mobil Corp. Chevron has exploration rights for four shale gas contracts to operate in southeastern Poland. Europe prefers shale gas in order reduce its dependence on imported gas specifically from Russia.

ExxonMobil has also have recently gained exploration rights in Poland. Chevron won five-year exploration licenses. These licenses belong to the Zwierzyniec, Kransnik, Frampol, and Grabowiec projects. Chevron has 100 percent ownership in these concessions.

ExxonMobil is targeting Germany and Poland to test efforts at finding shale gas in Europe. Techniques like horizontal drilling (a type of drilling used when it is harder or hardly impossible to drill) make it possible to explore even in densely populated areas. But authorities are concerned by projections that 70% of Europe’s natural gas will be imported by 2030.

It is important that European countries start to be independent of gas. Targeting shale gas project will improve their dependence and diminish it. It is incredible how Chevron and Exxon Mobil are trying to come up with these projections in search of shale gas. Poland has been recently found to be a potential country to drill for shale gas and Chevron and Exxon Mobil have started projecting the area.

http://www.marketwire.com/press-release/Analyst-Study-on-Chevron-and-Exxon-Mobil-The-New-Oil-Gas-Frontiers-1326048.htm

http://oilprice.com/Energy/Gas-Prices/Chevron-to-Seek-Shale-Gas-in-Poland-as-Europe-Focuses-on-Unconventional

http://www.glgroup.com/News/Exxon-Mobil-Royal-Dutch-Shell-BP-Total-Chevron-and-other-big-companies-know-37909.html