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Total's Investment In U.K. Shale Gas The First Step On A 'Long And Bumpy Road'

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Evaluate Energy
January 13, 2014

French company Total confirmed Monday that it had become the first global oil and gas major to invest in the burgeoning U.K. shale gas industry. This is a huge early milestone, but, according to commentary by Evaluate Energy, it will still be a long time before even the possibility of onshore gas production in the U.K. becomes a reality.

Total will invest $46.5 million on two exploration wells and pad construction to earn 40% in two onshore licenses, joining Dart Energy (Berlin: DT0.BE), IGas Energy Plc (LSE: IGAS.L) and others ...

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