Chevron, Polish firm jointly explore for shale gas

Poland gas giant PGNiG says it has signed an agreement with Chevron to jointly hunt for shale gas in southwestern Poland.

WARSAW, Poland (AP) — Poland's gas giant PGNiG says it has signed an agreement with Chevron to jointly hunt for shale gas in southwestern Poland in a move to speed up the exploration.

Dependent on Russian imports, Poland wants to diversify its energy sources and is placing hopes in its reportedly sizeable shale gas deposits. Warsaw is also urging the European Union to develop a joint energy system and decrease reliance on Russia.

PGNiG spokeswoman Dorota Gajewska said Monday the companies will jointly assess gas deposits in their areas of operation and will exchange geological information, which is vital for choosing exploration sites. Such information is scarce in Poland, due to the small number of exploratory wells.

The companies say cooperation will help cut their costs and risks.

 


Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs