Monday, February 13, 2012

Poland Shale Gase Could Upset Russia's Monopoly --- Using American Technology


February 14, 2012: multi-zone discovery well announced in Poland's east Baltic basin.  See comment.

Original Post
Link here to Reuter's:
But the shale gas push [in Poland] is about more than energy. Poland wants to break its reliance on Russian energy and reduce Moscow's power over Europe. That is one reason why Warsaw has welcomed U.S. oil majors such as Chevron, Exxon Mobil, Conoco and Marathon, even though it risks igniting tensions with Russia.

"If this thing comes true, if the American technologies deployed here at some point are really able to produce this gas, then this means a winning situation for the whole of Europe really," Radzieciak said in an interview in his small office filled with sports trophies, banners from local teams and a large map of Poland on the wall. "It would create more competitiveness on the gas market, which is now dominated by Russia, and one side would not be able to force anything unilaterally anymore."
I really don't care about the geo-political issues here. What is most interesting to me is that it is American technology being bought and it is CVX, XOM, COP, and MRO that are being emphasized. 

In the big scheme of things, I am glad that the president does not emphasize US leadership in oil and gas technology; it would only invite the anarchists to target our overseas operations.

Right or wrong, my "myth" is that a lot of this technology was developed and is being developed in the Bakken.


  1. Exxon has announced that its first two wells in the shale play in Poland were dry holes. Just because its shale, doesn't mean you can produce from it.

  2. That's what is so great about the Bakken: "no" dry holes.