Total Joins Poland’s Shale Exodus
Total SA has announced that it had not renewed its only shale gas exploration licence in Poland, which expired on April 1st.
The company commented that it had concluded the area it was exploring in east of the country near the Ukraine border was not economically viable, despite the presence of gas,
Poland’s environment ministry confirmed the news, without providing any elaboration
The French major become the latest major player to leave the search for shale gas in Poland.
In January 2014, Italy’s Eni let two of three shale gas exploration licenses expire. ExxonMobil was the first company to pull out of the country. Marathon Oil and Talisman Energy followed in 2013.