IGas to start drilling in North West, while it seeks new licenses

Natural Gas, Shale Gas
Source: DollarPhotoClub

IGas, Britain’s largest shale gas firm once its takeover of rival Dart Energy is completed, has announced that the construction at the Ellesmere Port exploration site is almost complete. The company plans to start drilling at the site next month.

In a trading update announced today, the group said: “This well, which is a vertical exploration well, will be the third drilled in a sequence designed to give IGas a suite of results distributed across its licensed areas in the North West.”

IGas, which has a number of sites across the region, including Doe Green, near Warrington and Barton Moss, near Manchester, said that the results of exploratory wells at the Ellesmere Port site have been encouraging and can serve as the basis for the first few wells in the area. “This will prove invaluable for future planning applications for potential shale wells and the ability to demonstrate the commerciality of gas extraction from these deep formations,” the company said.

The group, which expects to publish estimates of how much shale gas its East Midlands acreage holds and first test results from its Barton Moss well after 28th October, announced that it had teamed up with various other partners to tender for new shale licenses in Britain. The bidding opportunity will close at the end of this month.

IGas has already partnered with French oil major Total which earlier this year bought a stake in two IGas shale licences.

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