Geography 3422A/B Study Guide - Conocophillips, Royal Dutch Shell
13 Nov 2012
School
Department
Course
Professor
Document Summary
Shale gas will have its day in europe 11/13/2012 10:50:00 am. Reduced estimates of reserves in some countries, difficult geologies and environmentally-motivated suspensions on the hydraulic fracturing technology used to produce shale gas have slowed the outlook for its development in europe. The development of shale gas has transformed north america from a net gas importer to a prospective exporter. One factor restraining shale gas growth in central and eastern. Geologists say rock formations in europe are proving more impermeable to existing technology than similar formations in north. Chevron and royal dutch shell were winners of two major tenders earlier this year in ukraine, estimated to have 1,200bn cubic metres of recoverable shale gas reserves if commercially viable resources of gas are found. Chevron"s investment could become the biggest foreign investments in the country: the initial target is to double poland"s existing gas production of 4. 3bcm a year with the help of shale gas by 2015.
