ExxonMobil Corp. (XOM) plans to start hydraulic fracturing next week on its second test well in Poland, near the eastern town of Siennica, Jim Johnston, board member of ExxonMobil Exploration and Production Poland, said Wednesday.
ExxonMobil Corp. (XOM)
plans to start hydraulic fracturing next week on its second test well in
Poland, near the eastern town of Siennica, Jim Johnston, board member of
ExxonMobil Exploration and Production Poland, said Wednesday.
Outside the
U.S.
,
Poland
is one of the first countries where companies are seriously attempting
to develop shale gas--a development the Polish Prime Minister Donald Tusk has
called the country's "great chance," because it could reduce
Poland
's dependence on Russian gas, create tens of thousands of jobs and fill
state coffers.
ExxonMobil has six licenses to explore for shale gas in
Poland
.
In the Lublin Basin, Exxon is operating in partnership with French oil major
Total SA (TOT), which holds a 49% stake in the licenses.
In the
Podlasie
Basin
, Exxon has partnered with Hutton Energy.
Johnson was speaking in
Krakow
at a conference on
Europe
's unconventional gas sector.
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