Energy company: 8 billion barrels of shale oil found in London
by ChemOrbis Editorial Team - content@chemorbis.com
According to media reports, more than 8 billion barrels of shale oil has been found near Gatwick Airport in London. A British energy company, UK Oil & Gas Investments Plc, stated that a new well in the Weald Basin may yield as much as 158 million barrels of oil per square mile and that the entire reservoir may be as much as 100 billion barrels of oil.
The UK government supports the development of shale energy resources to cut costs and support the country’s economy while opponents object to drilling activities for shale oil, arguing that the process of hydraulic fracturing, which uses high volumes of water, sand and chemicals to drill shale, is not an environmentally friendly method of sourcing energy.
The UK government supports the development of shale energy resources to cut costs and support the country’s economy while opponents object to drilling activities for shale oil, arguing that the process of hydraulic fracturing, which uses high volumes of water, sand and chemicals to drill shale, is not an environmentally friendly method of sourcing energy.
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