U-turn: Chevron gets green light to explore shale gas in Romania

17/05/2013 00:30 Natural Gas

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The Romanian shale gas policy made a U-turn after the government allowed the oil giant Chevron to explore shale gas in the Romanian Black Sea coast.

However, despite Chevron’s approval for test drilling at the Costinesti and Vama Veche blocks in the coastal region of Constanta, the company should hold a careful outlook in the region. Under the license terms, Chevron will detonate explosions in depth from 10 to 15 meters in an area of 1,800 square meters. Additionally, in January Chevron received permission for eastern Romanian region Barlad, which boost the company's operations in the country. This policy shift came after Prime Minister Victor Ponta’s centre-left coalition government was opposed to hydraulic fracturing at the beginning, but in May 2012 the policy has slammed the previous decision. Shale gas drilling is a subject of controversy around the world, and the technique used, hydraulic fraction or fracking, has been forbidden in countries such as France and Bulgaria.

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