Chevron resumes shale gas explorations in Romania despite protests

By bne IntelliNews December 9, 2013

US firm Chevron’s attempt to resume shale gas explorations in Romania was met with mass protests on December 7, but helped by law enforcement forces the company resumed works on December 8, Ziarul Financiar daily reported.

The US company stopped explorations on its Pungesti well, in north-eastern Romania, a couple of months earlier and promised to resume works only after discussions with local communities. In the meantime however, it started explorations at its second perimeter in eastern Romania close to the Black Sea.

Notably, PM Victor Ponta has pledged support for the use of unconventional resources, including shale gas, during his visit in the US. He underlined that only a radical minority will still oppose the idea after the necessary explanations of the production process were made public.

Chevron plans to carry out shale gas operations in two perimeters in Romania, out of which the first one, located in the south-eastern region of Barlad, is in a slightly more advanced stage. The US company planned to drill the first exploration well in October but had to suspend operations amid the local protests.

The exploration stage – including prospecting and a first exploration well involving conventional drilling and not hydraulic fracturing, takes up to five years.

Related Articles

Moldovan businessman Stati threatens to ask bailiffs to sell Kazakh Kashagan stake in legal battle

Moldovan businessman Anatolie Stati’s spokeswoman said on January 9 that Stati will ask bailiffs to sell a $5.2bn stake in the Kashagan oil field owned by Kazakh sovereign ... more

Romania’s Transgaz reportedly renews bid for Greece’s DESFA

Romanian gas transport company Transgaz has teamed up with Spain’s Regasificadora del Noroeste in an attempt to take over its Greek peer DESFA, where the Greek state has put a 66% stake up for ... more

Poland’s PKN Orlen launches offer to delist Czechia’s Unipetrol

Poland’s state-controlled oil and gas company PKN Orlen has launched an offer to take over Czech refiner Unipetrol, the Polish company said on December 13. PKN Orlen said it will go through with ... more