INEOS acquires majority interest in Shale Gas licence (PEDL 162) in Scotland from Reach Coal Seam Gas Limited.
13 Oct 2014
INEOS Upstream Limited signs agreement to acquire an 80% interest in Petroleum Exploration and Development Licence (PEDL) 162,
The licence covers an area of 400 km 2 next to PEDL 133 (329 km 2 ) in which INEOS owns a 51% stake of the shale layer.
World leading pioneers join INEOS on-shore gas