International Shale Gas Explorer Seeks Partner to Develop U.K.’s Bowland Shale Gas
Dart Energy Ltd. (DTE), a coal-bed methane and shale gas explorer in Australia, Asia and Europe, is looking for a partner to develop its Bowland acreage in the U.K. as the government prepares tax breaks for drillers.
Dart is “actively seeking appropriate partner or partners to develop the Bowland shale gas position,” the Sydney-listed company said in a presentation. “U.K. government policy is now firmly in place to support unconventional gas development.”
The British government said last month it would offer a “generous new tax regime” to encourage drillers as it seeks to boost domestic energy resources to counter a decline in North Sea oil and gas production.
View the full story here: Dart Energy Seeks Partner to Develop U.K.’s Bowland Shale Gas
Read the written Ministerial Statement on the development in shale gas extraction here: Written Ministerial Statement by Edward Davey: Exploration for shale gas