UK company unveils plans to frack in Irish Sea
17 February 2014
Nebula Resources, set up by Cuadrilla Resources founder Dr Chris Cornelius, has been awarded three licences in the Irish Sea by the Deparpment for Energy and Climate Change and hopes to begin offshore shale gas exploration soon. "Certainly offshore shale gas is a new concept, and there's no reason with the UK's history of offshore development that we can't develop these resources offshore." he told the BBC.
No longer involved with onshore shale gas pioneer Cuadrilla, Cornelius is keen to drill the world's first offshore shale gas wells, but says it will be many years before we know if offshore shale gas can be exploited.
Onshore shale gas development has been hindered in the UK by opposition from environmentalists, local authorities and landowners, which would not be the case offshore.
Nebula’s licences stretch west from Blackpool into Morecambe Bay, not far from a large conventional offshore gas field owned by Centrica and the small Lennox offshore oil field.
Based on existing geological data, Cornelius told the BBC he believed that a considerable quantity of gas is present in the license areas - up to 250 trillion cubic feet - which would be more than Cuadrilla's estimates for its onshore resources. There is also the possibility of finding oil.