Global shale revolution to take centre stage at SPE Aberdeen event
Global shale revolution to take centre stage at SPE Aberdeen event
ABERDEEN, United Kingdom -- Recent estimates suggest that shale gas alone could potentially provide over a third of total UK consumption by 2020, reducing dependency on imported gas up to 27% by 2035. Production from U.S. shale reservoirs has increased tenfold since 2007, illustrating the viability of this prolific new source of long-term gas supply and supporting the view that shale gas could play a key role in the future of UK energy.
Although technical advancements are largely responsible for unlocking the potential of shale gas, the industry’s collaboration with a broad set of stakeholders arguably has equal and perhaps, more influence on the implementation of new shale developments.
V.P. of Engineering Technology with Range Resources, Joseph H. Frantz Jr., has worked on shale reservoirs for more than 20 years, authored and co-authored more than 40 publications and served on numerous technical committees within SPE. Frantz is set to examine the challenges and opportunities surrounding shale plays at an SPE Aberdeen presentation.
Frantz’s lecture is a first for SPE Aberdeen’s technical meetings, covering key technological advancements which have driven the development of shale gas, particularly hydraulic fracturing. The presentation will discuss how industry and the public sector are working together to maximise the benefits that the shale play revolution presents.
Ahead of the lecture, Frantz said: “Shale gas could provide significant long-term local energy options for the UK as North Sea production declines.
“The extraction of shale gas through techniques such as hydraulic fracturing brings with it a range of manageable challenges. This highlights the importance of industry working with governments, regulators, academia and the public more collaboratively to maximize the immense benefits from this opportunity, while fostering the use of best practices.”