INEOS SHALE About Us
INEOS Shale is a part of INEOS Upstream, our oil and gas exploration and production business.
INEOS Upstream consists of two divisions; INEOS Breagh, responsible for the Group’s North Sea exploration and production operations, and INEOS Shale, responsible for exploring for shale gas within our licences onshore UK.
INEOS Breagh operates four platforms in the North Sea and owns interest in 16 exploration licences. Production from the fields supplies 1 in 10 homes in the UK with gas. Its website will be coming soon.
INEOS Shale is represented in this section of the website. It is the biggest player in the UK onshore shale gas sector with access to over one million acres of the prime shale exploration areas in England and Scotland. The majority of the licenses are located in the old mining heartlands of the Midland Valley of Scotland, the North West, and the East Midlands and also in North Yorkshire and, all with a heritage of energy and feedstock production.
“There is incredible potential to provide the UK with greater energy security, growth and jobs, and help the UK’s chemical and energy-intensive UK manufacturing industry to succeed, worldwide” Gary Haywood, CEO, INEOS Shale.
INEOS is one of the UKs largest manufacturing businesses. It employs 4000 people in the UK across 7 sites. It can use shale gas at its manufacturing sites as a raw material for manufacturing chemicals or as an energy source. The company also owns land, pipelines and storage in some of the key areas being explored in the UK. All that, coupled with INEOS’ clear manufacturing excellence, strong safety focus and good relationships with the communities in which it operates, means that INEOS Shale brings something unique to this emerging industry.
Jim Ratcliffe, INEOS Chairman, “At INEOS, we believe shale gas could revolutionise UK manufacturing and we have the resources to make it happen, the skills to extract the gas safely and the vision to realise that communities must share in the rewards for it to be successfully developed.”
INEOS in the UK
In the UK INEOS employs 4,000 people across 7 sites including our chlorine plant in Runcorn and our petrochemicals plants in Teesside and Grangemouth.
UK Energy Intensive industry needs secure supplies of competitively priced energy to survive and prosper in international markets. Similarly, the UK petrochemicals sector requires secure and competitively priced feedstocks. If these cannot be found in the UK, both sectors face decline. The development of shale gas reserves in the UK presents a unique opportunity to address these key competitiveness issues, and with the existing gas and feedstock infrastructure, the prospects for manufacturing to grow, to secure skilled jobs across the UK would be significantly enhanced.
For many years the UK has had access to supplies of natural gas from the North Sea which has provided competitively priced energy. As conventional reserves have declined, the UK has increasingly depended upon imports with ever-greater volumes of gas being sourced from overseas.
In sharp contrast to the situation in the UK, the USA has seen energy and feedstock prices fall. Its petrochemicals industry, and manufacturing in general, is experiencing a renaissance. In addition its CO2 emissions have fallen sharply as gas-fired generators replace coal in the US power market. All this is a result of the development of shale gas resources.
INEOS and Shale
Jim Ratcliffe talks about INEOS £2.5bn Shale gas offer
INEOS, one of the world’s largest chemicals company, has today announced plans to give 6% of its Shale gas revenues to homeowners, landowners & communities who live above its Shale gas operations. It anticipates being a major player in the Shale gas industry and believes it will give away over £2.5 billion over the life of its business. The sharing of Shale gas profits is commonplace in the USA.
Find out more at our INEOS Shale press release
Subscribe or contact
For up to date information from INEOS and its Shale team please complete the following form and we will make sure you get to hear about developments as they happen.
NB: This link will redirect you to an external site to register your details.
To contact the Shale business:
Phone: +44 (0) 1324 476623
Community Meetings Our Community Meetings
Our Community Meetings
INEOS Shale strongly believes that its shale gas exploration journey can only be successfully achieved with the acceptance of the communities that are near its operations.
With this in mind our conversation with the communities will be open, honest and long term.
Following on from an extensive shale gas information campaign in Scotland, we have carried out a series of community meetings and exhibitions in England throughout 2016 as we gear up to undertake seismic data acquisition and submit planning applications to drill wells to find out more about the shale rock deep in the earth.
At the meetings and exhibitions we explain our plans and our view of how shale gas can be extracted safely, with due regard for the built and natural environment. We will also listen to what the community is saying to us.
We have invited members of Parish and Town Councils across our licence areas to attend information events in 2016. Senior management have made presentations to many of them. Parish and Town Councillors are elected by the communities to represent them and we believe that it is right to start our conversation with those representatives.
As our seismic data acquisition plans start to take shape we will hold exhibitions in the areas where activity is planned and invite the local community to come along and chat to our team about where we are going to acquire data and what is involved in that process.
Later this year we expect to be in a position to start discussing potential planning applications for vertical “coring” wells which are intended to extract samples of the shale rock for laboratory analysis. Once that data is gathered and understood the company will consider making planning applications to drill and frack some horizontal wells to test if gas flows in sufficient quantities to make it commercially viable.