The below Parliamentary question was asked by engineering and chemical sectors”; how many wells would be required to achieve such levels of investment and employment; and over what time period such levels would be achieved.” on 2015-09-17.
To ask Her Majesty’s Government, further to the Written Answer by the Prime Minister on 11 September (HC9076), on what evidence they base the statement that investment in shale could reach £33 billion and support 64
Lord Bourne of Aberystwyth
EY’s 2014 report, ‘Getting Ready for UK Shale Gas: Supply chain and skills requirements and opportunities’ identifies that over the period of 2016–32 c.£33bn of spend could be required to bring up to 4,000 wells into production. At peak this equates to around £3.3bn of spend and some 64,500 jobs (6,100 of which are direct roles).
The full report can be viewed at:
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