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Shale Gas Research Michael Kenomore

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Presentation on theme: "Shale Gas Research Michael Kenomore"— Presentation transcript:

1 Shale Gas Research Michael Kenomore Michael.kenomore@port.ac.uk
Graduate Teaching Assistant Portsmouth University University of Portmouth

2 University of Portmouth
Biography : BEng Petroleum Engineering, Portsmouth University : MSc Petroleum Engineering, Heriot-Watt University Interests: Shale Gas and Coalbed Methane University of Portmouth

3 Overview on the proposed research outcome
Aim Overview on the proposed research outcome Call for possible data acquisition and collaboration University of Portmouth

4 University of Portmouth
Research Process University of Portmouth

5 University of Portmouth
Data Acquisition University of Portmouth

6 University of Portmouth
Region of Interest Key wells: Grange Hill 1, Elswick 1, Preese-Hall 1, Thistleton 1, Hesketh 1, Beconsall 1, Formby 1, 4, and 5. University of Portmouth

7 University of Portmouth
Possible Outcomes Which US shale plays would closely match the Bowland Basin? Estimate possible recoverable volumes Number of wells needed to develop the field to achieve certain production rates and revenue University of Portmouth

8 Shale Gas in Place – Bowland-Hodder Shale
Range as estimated in the BGS/DECC report Estimates consists of the less prospective lower Bowland-Hodder shale Low Estimate Middle Estimate High Estimate 822 TCF 1329 TCF 2281 TCF University of Portmouth

9 UK Shale Gas Production/annum
A third of Britain's gas demand could be met. Energy Demand UK Shale Gas Production/annum 2011 UK Gas Demand 2030 UK Gas Demand Low Scenario 853BCF 3055BCF 3049BCF Central Scenario 1121BCF Best Scenario 1389BCF Recovery factor of shale gas would determine revenue generated. Natural gas demand for heating, electricity, and industry is not expected to change drastically over the next decade. IOD, 2013 University of Portmouth

10 UK Gas import dependency can be reduced from 76% to 37% by 2030.
Cost of net gas imports will drop by more than half from $15.6bn to $7.5bn. Significant tax revenues owing to decline north sea production Declining North Sea oil and gas production and more effi cient car and truck engines will lead to a fall in tax revenues from Fuel Duty and the North Sea, opening up a tax gap of around 1.25% of GDP over the next two decades. University of Portmouth

11 University of Portmouth
Conclusion Production forecast Economic considerations Ongoing IHS discussion Two papers to be published on shale gas by July 2015. Open to other possibilities University of Portmouth

12 University of Portmouth
Questions University of Portmouth


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