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Modest reserves of shale gas and oil in Scotland

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A recent British Geological Survey report has revealed modest reserves of shale gas and oil in Scotland.

The report estimates that the Midland Valley of Scotland dzԹ the central region of the country that includes Glasgow and Edinburgh - holds 80 trillion ft3 of shale gas and 6 million bbls of shale oil.

This is substantially less than the estimated 1300 trillion ft3 of gas in the Bowland shale in Northern England.

More exploratory drilling and testing is needed to determine how much of the oil and gas resource is recoverable. The report indicates that the complex geology of the area and historic mine workings mean that potential for extraction is uncertain.

UK energy minister Michael Fallon commented: dzԹWe know that shale gas alone wondzԹt be able to supply all of our energy needs, but the environmentally responsible exploration of shale gas could contribute to our energy mixdzԹ.

Fallon also said: dzԹMaking the most of BritaindzԹs home grown energy is crucial to keep job and business opportunities, widen tax revenues and reduce our reliance on foreign importsdzԹ.

Ken Cronin, chief executive of UK Onshore Oil and Gas, said: dzԹThis report will give reassurance to investors wishing to explore for oil and gas onshore in Scotland and adds to the estimates of significant onshore resource which can help to replace the UKdzԹs growing dependency on imports and balance the decline of the North Sea.dzԹ


Edited from various sources by .

Read the article online at: /business-news/30062014/shale_in_scotland_816/

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