Cuadrilla Resources says its drilling rig is on site and ready to tap into a natural gas basin in Lancashire.
By Daniel J. Graeber | July 28, 2017 at 8:14 AM
July 28 (UPI) — With its drilling rig on site, a British shale gas explorer said it expects to address offshore production declines with onshore operations by year’s end.
Cuadrilla Resources said the drilling rig used to tap wells at a shale basin have arrived at their destination in Lancashire.
“With the decline of North Sea gas and our ever increasing reliance on gas imports, including shale gas imported from the United States, developing an indigenous source of natural gas is critical for U.K. energy security, our economy, jobs and the environment,” Cuadrilla CEO Francis Egan said in a statement. “We are proud as a Lancashire company to be at the forefront of that effort.”
The British government estimates shale basins in the country may hold more than 1.3 quadrillion cubic feet of natural gas, a level the government said could help an economy with natural gas imports on pace to increase from 45 percent of demand in 2011 to 76 percent by 2030.