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Fracking tests earmarked for 2013

Rodney Edwards • Published 1 Feb 2012 00:01 Mobiles Print Comments 2 Comments

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A major report into fracking in Fermanagh has just been published stating that test drilling for shale gas could be carried out in south west Fermanagh as early as next year after energy company Tamboran Resources found "substantial" natural gas field present in the county.

The company says initial studies show there is the potential for the production of up to 2.2 trillion cubic feet of shale gas in the county which they say could provide 600 full time jobs, up to 2,400 indirect jobs and deliver natural gas energy security for the next 50 years

And they are confident they can "commercially develop" the project in Northern Ireland, pledging to invest six billion pounds into hydraulic fracturing or "fracking".

The report also states that fracking here would supply natural gas security in Northern Ireland for at least 20 years and result in a substantial reduction in imports for over 30 years leading to removal of the province's dependency on imported gas.  

And with excess gas supply at peak production, this will enable Northern Ireland to become a "significant net exporter" of natural gas, according to the company.

Other points made in the report include the possibility of tax revenues of up to £6.9 billion (including royalties, corporation tax, Vat, employment taxes and exploration tax); and the creation of a community investment fund directed entirely within Fermanagh, estimated to lead to additional local benefits in excess of £2 million per year once the project reaches expected commerciality in 2015.

Indeed, a number of jobs could be created by the end of this year as the company want to start training local people up ahead of potentially testing in 2013.

Speaking to The Impartial Reporter this week, Dr. Tony Bazley from Tamboran said before any test drilling could commence the company would need to get planning permission first. 

He also hit back at criticism from anti-fracking groups and described a recent motion by Fermanagh District Council opposing the fracking process as "surprising".

Read the full report into fracking in Fermanagh and the interview with Dr. Bazley in tomorrow's Impartial Reporter.

QUESTION: Are you for fracking or against it? Join the discussion on our Twitter page at www.twitter.com/impartialrep now.

This article appeared in Impartial Reporter 31 Jan 12

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