Related Articles
Forward article link
Share PDF with colleagues

Poland's shale is down, but not out amid challenges

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- 768bn 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 on by the market, and fuelled hopes that a shale-gas revolution similar to that seen in the US would transform Poland into a European

Also in this section
US cost inflation: the comeback
26 July 2017
After three years of sharp declines, costs are rising again on higher drilling activity in America's tight oil patch
UK licensing round goes back in time
25 July 2017
Mature UK acreage is up for grabs on improved terms, but attracting the explorers could still prove difficult
Latest licensing rounds
25 July 2017
The industry's most comprehensive list of current and recent rounds for onshore and offshore licenses