Poland’s down, but not out

10 April 2012

Justin Jacobs, LONDON: The sheen on Poland's shale gas sector has tarnished somewhat after a series of challenging wells and a major reserves reduction, but it is far too early to write the industry off. A new Polish Geological Institute report dramatically downgraded the outlook for recoverable shale resources compared to a US Energy Information Administration (EIA) assessment from last year. The report, which did not include data from recently drilled shale wells in the country, estimates recoverable shale-gas resources of between 346 billion- 768 billion cubic metres (cm). That is a reduction of as much as 85% from the EIA report, which estimated recoverable shale-gas resources of around 5.3 trillion cm. Nevertheless, it is the EIA estimate that has been relied...



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