UKOOG opts for guarded response to Government’s fracking declaration
5 Nov 2019
The organisation representing the UK onshore oil and gas industry has given a guarded response to the Government’s recent announcement on the future of hydraulic fracturing.
Chief executive of UK Onshore Oil and Gas Ken Cronin said further analysis would be needed before commenting on the latest developments including the report from the Oil and Gas Authority.
Anti-fracking campaigners were jubilant when premier Boris Johnson declared there would be a moratorium on the technology. It provided the first indication that the Conservative Party, traditionally a supporter of fracking, may be reviewing its stance.
Cronin limited his initial response to reiterating the potential economic benefit of shale production and the widespread usage of fracking in a variety of sectors.
“Hydraulic fracturing stimulation is a long-standing technology used around the world and in a number of industries, including the oil and gas, water and geothermal sectors.
“Given the size of the prize at stake - the significantly lower carbon footprint of domestic gas compared to imports and the significant investment the industry and the Government have already made - we believe this is the right approach."
Given the size of the prize at stake - the significantly lower carbon footprint of domestic gas compared to imports and the significant investment the industry and the Government have already made - we believe [fracking] is the right approach
ken Cronin, chief executive, UKOOG
He vowed UKOOG members would work closely with the Oil and Gas Authority and other relevant regulators to demonstrate that safe practice and and environmentally responsibility.
“Since shale gas exploration commenced in England we have confirmed a world-class resource. Flow testing and core sampling across Lancashire and North Nottinghamshire show that our high-quality indigenous gas can reach the surface, leaving the UK with no excuse to continue importing overseas gas that generates double the emissions and provides British workers, businesses and communities with no economic benefit.”