Polish Shale

abarrelfull wrote on 02 Mar 2010 08:11
Tags: chevron gas poland shale talisman

Latest Blogs

---

We don't know yet whether it will turn out to be Russia's worse nightmare, or just a useful diversification of Poland's energy needs. Polish Shale Gas is certainly not short of interested parties these days though.

Canada's Talisman is the latest.

San Leon Energy PLC is pleased to announce that its decision to enter into the Baltic Gas Shale play in Poland has today culminated in this exciting farm in announcement with Talisman Energy Inc. . Talisman is a diversified, global, upstream oil & gas company, based in Canada, currently piloting and developing a number of shale plays in North America. Talisman has signed a farm in agreement with San Leon that covers the Company's two existing Baltic Basin concessions (Braniewo & Gdansk W) and also extends to a 3rd pending concession application in the Gdansk area.

This comes just days after Chevron increased its interest.

Chevron, the second-largest U.S. oil company, confirmed that it has secured exploration rights for an additional Polish shale gas concession, although the size of the acreage was not divulged.

Poland is now playing host to Conoco, Exxon and Marathon among others.

It would be a great development if Poland were to be able to bring significant production on stream, helping diversify European supplies. Poland is not the only game in town either, Ukraine is another potentially large source of shale gas. If both turn out to be worth anything Russia will sure be happy it is building South & North Streams.

---

---