PKN Orlen: Less shale gas available?
23:11
Shale gas extraction in Poland may turn out to be lower than expected, the country’s largest oil company PKN Orlen said in a statement on Thursday.
“Geological characteristics of the Polish shale rock as well as the results of the exploration works and tests conducted on the deposits so far indicate clearly that the average estimated gas extraction from the shale formations analyzed so far in Poland may be on a relatively low level,” the company said.
“The results of exploration work conducted since 2009 have provided evidence that the Polish geological setting varies greatly and is much more demanding than that of shale basins found in North America. This means that recovery techniques used on the other side of the Atlantic are not suitable for immediate use in Poland,” Wiesław Prugar, CEO of Orlen Upstream, was quoted as saying.
The company said that it would present detailed results of 2009-2014 research on shale gas exploration during the 3rd Shalescience Conference, scheduled for June 9-10, 2014.
