American technology to produce shale gas is unleashing a scramble for drilling rights in Poland, where experts believe vast reserves of unconventional gas exist that could help to weaken Russia’s grip on Europe’s energy supplies.
“There is a landgrab under way,” said Oisin Fanning, the executive chairman of San Leon Energy, a British company that has secured three licence areas in the region with Talisman. “Poland is going to emerge as a significant gas producer and there is a lot of interest. All of the majors are coming in and Gazprom is looking at this with some alarm.” He said that Talisman planned to spend $140 million (£90 million) on its Polish drilling programme, which will start next year.
“There is a landgrab under way,” said Oisin Fanning, the executive chairman of San Leon Energy, a British company that has secured three licence areas in the region with Talisman. “Poland is going to emerge as a significant gas producer and there is a lot of interest. All of the majors are coming in and Gazprom is looking at this with some alarm.” He said that Talisman planned to spend $140 million (£90 million) on its Polish drilling programme, which will start next year.
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