Global Leader in International Oil and Gas Industry News

posted in:

  • Home>
  • Oil & Gas News
  • >
  • Europe,
  • >
  • International Association of Drilling Contractors Supports European Parliament vote on gas shale development

International Association of Drilling Contractors Supports European Parliament vote on gas shale development

Friday, Nov 30, 2012

The International Association of Drilling Contractors (IADC) is pleased with the European Parliament’s recent approval of two key reports on gas shale exploration and development.

“At the IADC, we continue to advocate and lead the development of shale gas areas in Europe and offer our guidance on training a workforce competent in the drilling process to reduce risks.

The reports from the Environment, Public Health and Food Safety Committee (DG ENVI) and the Industry, Research and Energy Committee (DG ITRE), recognize the importance of shale gas development in Europe and again illustrates that a European Union (EU) moratorium on shale gas development is unnecessary.

“Shale gas exploitation in the EU holds the promise of vast new amounts of indigenous natural gas resources, which will be a boon for the European economies and give a diversity of supply that is not now present for natural gas,” said Brian Petty, IADC executive vice president, government and regulatory affairs.

In the EU, exploration and production of natural gas is heavily regulated with 14 pieces of EU legislation governing the process in addition to national and local regulations.

The technology used for shale gas development, hydraulic fracturing, has been in worldwide use since the 1940s, with over 2 million wells drilled. During this period, numerous technological advances have enabled operators to drastically reduce the risk for surface and sub-surface incidents. With the introduction of horizontal drilling techniques, operators are able to drill fewer overall wells with the ability for each to reach a larger portion of the targeted development.

“Here in the United States, we’ve seen a marked increase in shale gas drilling and completions in the last several years. The benefits are being felt by every citizen, with lower energy costs and lower carbon emissions with the added benefit of economic stimulation,” said Mr. Petty. “At the IADC, we continue to advocate and lead the development of shale gas areas in Europe and offer our guidance on training a workforce competent in the drilling process to reduce risks.”

Source: Business Wire

To access over 3,000 of the latest oil projects from across the world visit Projects OGP for free trial today

posted in:

  • Home>
  • Oil & Gas News
  • >
  • Europe,
  • >
  • International Association of Drilling Contractors Supports European Parliament vote on gas shale development

Other Oil & Gas News

Oando Energy Resources increases deposit for acquisition of Nigerian Upstream Oil and Gas Business of ConocoPhillips 18-04-2014
Total discovers oil in deep offshore Ivory Coast 18-04-2014
McDermott Signs Agreement for North Sea Spoolbase 18-04-2014
Atlas Oil to Sell BP branded assets in Chicago and NW Indiana 18-04-2014
MetroGas forms powerful consortium to address Miami-Dade County energy needs 18-04-2014
TruStar Energy announces grand opening of city furniture CNG fueling station 18-04-2014
Gastar Exploration begins drilling new well in Utica Shale 17-04-2014
Osiris Projects nearing completion of the ambitious works on the subsea cabling project which will help deliver fast, fibre optic broadband to the H 17-04-2014
Corlena Oil Company II, LLC to sell horizontal Texas Panhandle properties 17-04-2014
Xylem’s Godwin pumps restore critical operations at flooded oil refinery in Argentina 17-04-2014