USGS presents new assessments of shale gas ad oil in Poland.

By bne IntelliNews July 24, 2012
The U.S. Geological Survey has assessed potential technically recoverable shale gas and shale oil resources in the Polish sector of the Polish-Ukrainian Foredeep basin. The estimated resources, recoverable with existing technology, range from 0 to 4,086bn cubic feet of gas (BCF), with a mean estimate of 1,345 BCF; from 0 to 172mn barrels of oil (MMBO), with a mean estimate of 62 MMBO; and from 0 to 368mn barrels of natural gas liquids (MMBNGL), with a mean estimate of 106 MMBNGL, according to USGS's press release. The wide range of resource estimates underscores the uncertainty inherent in this assessment, it stresses. In April of 2011, the U.S. Energy Information Administration (EIA) estimated that Poland's technically recoverable shale gas resources are 187tr cubic feet (or around 5.3tr cu.m.). In March, the State Geological Institute (PIG) estimated that Poland's shale gas deposits are at least around 345-768bn m3.
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

EC refers Poland to court for delay on renewable energy rules.

The European Commission is referring Poland (and Cyprus) to the Court of Justice of the European Union for failing to fully transpose EU's Renewable Energy Directive, according to the ... more

ZEW Economic Sentiment Indicator for Poland surges to 42.9pts in February.

The ZEW-Erste Group Bank Economic Sentiment Indicator for Poland (economic expectations) surged by 22.3pts m/m to 42.9pts in February, according to a report by the Center for European Economic ... more

FinMin: Poland to inject EUR 5.5bn of FX reserves to ECB upon euro-zone entry.

When Poland joins the euro-zone, it will have to transfer EUR 5.47bn of its foreign-currency reserves to the European Central Bank, according to a statement by the ministry of finance. The ... more

Follow Us On

Most Read

  1. Saudi Arabia to scale back plans for Neom city
    6 days ago
  2. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  3. The ruble overtakes the yuan as Russia's main currency for settling international trade deals
    7 days ago
  4. Iran vs Israel: Who is better equipped for war?
    2 days ago
  5. Leading emerging markets move rapidly up World Bank’s PPP GDP and FDI confidence rankings
    7 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    16 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    21 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. UBN: Russia could take the Baltic states in 48 hours
    26 days ago
  5. BRICS announce a blockchain-based payment system to create a common currency
    19 days ago

Reports

Dismiss