“Shale-gas drilling in Poland costs almost three times as much as in the U.S., said Schlumberger Ltd., the world’s largest oilfield-services provider.” ‘Source: Bloomberg)
Interesting admission from one of the key industries. At these costs will shale gas development ever be profitable in Europe?
In the U.S. several industry experts claim that even in their country shale gas is much more expensive than companies want to admit and have questioned profitability of this unconventional gas. See e.g. Arthur E. Berman and Lynn F. Pittinger: U.S. Shale Gas: Less Abundance, Higher Cost