Ineos Shale: We Won't Drill If We Can't Prove It's Safe
Onshore UK-focused energy company Ineos Shale has confirmed that it will not drill any of its prospects if it cannot prove that its drilling and aftercare operations will be safe.
"We won’t get our permits to drill unless we can prove what we're doing will be safe, not just through the drilling, but in aftercare too."
— INEOS Shale (@INEOS_Shale) 23 February 2017
The statement was made in a live social media Q&A session, which was hosted by the Derbyshire Times newspaper.
In the Q&A, Ineos answered questions about why it had chosen to undertake operations in specific areas and repeatedly outlined its focus on the safety of any planned work.
If we cannot address [potential hazards] satisfactorily, we cannot go forward.
— INEOS Shale (@INEOS_Shale) 23 February 2017
Ineos Shale holds licence interests across North and South Yorkshire, the East Midlands and Cheshire.
In addition to gathering geological information through 2D and 3D imaging technology, the company is now also planning to carry out some exploration drilling, known as coring wells, which will provide detailed information about rocks below the surface.
Ineos has championed the benefits of a local shale gas sector, claiming such an industry would be good for energy security, addressing climate change and job security.
The energy firm revealed that a local shale sector could provide as many as 64,000 new jobs.
What are the benefits of a local #shale gas industry? #Fracking pic.twitter.com/JbMP3DITjj
— INEOS Shale (@INEOS_Shale) 16 February 2017
Ineos has previously told Rigzone that it believes energy provision is currently a key issue for the UK.
12
View Full Article
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Falcon Oil Declares Commercial Flow Test Results for Shenandoah Well
- Japan Failing to Meet Corporate Demand for Clean Power: Amazon
- Macquarie Strategists Expect Brent Oil Price to Grind Higher
- UK Oil Regulator Publishes New Emissions Reduction Plan
- PetroChina Posts Higher Annual Profit on Higher Production
- Pennsylvania County Joins List of Local Govts Suing Big Oil over Climate
- McDermott Settles Reficar Dispute
- US, SKorea Launch Task Force to Stop Illicit Refined Oil Flows into NKorea
- Russian Navy Enters Warship-Crowded Red Sea Amid Houthi Attacks
- USA Commercial Crude Oil Inventories Increase
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Equinor Makes Discovery in North Sea
- Standard Chartered Reiterates $94 Brent Call
- India Halts Russia Oil Supplies From Sanctioned Tanker Giant
- DOI Announces Proposal for Second GOM Offshore Wind Auction
- Centcom, Dryad Outline Recent Moves Around Red Sea Region
- PetroChina Set to Receive Venezuelan Oil
- Czech Conglomerate to Buy Major Stake in Gasnet for $917MM
- US DOE Offers $44MM in Funding to Boost Clean Power Distribution
- Oil Settles Lower as Stronger Dollar Offsets Tighter Market
- Chinese Mega Company Makes Major Oilfield Discovery
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Another Major Oilfield Discovery
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension
- Equinor Makes Discovery in North Sea