Weald Basin oil — is it shale oil or oil shale? And why it matters
By Humphrey Douglas
The UK Department of Energy & Climate Change (DECC) has published a study by the British Geological Survey of the Jurassic shales of the Weald Basin in southern England. Unlike shale gas findings of a similar report published in 2013 for the Bowland-Hodder in northern England, the Weald Basin is said to contain oil:
‘There is unlikely to be any shale gas potential, but there could be shale oil resources in the range of 2.2–8.5 billion barrels of oil (290–1,100 million tonnes) in the ground, reflecting uncertainty until further drilling is done.’
A third study is also now said to be under way, and will apparently be completed in the summer of 2014. It will cover the Midland Valley of Scotland. Estimates will be made for both the oil and the gas ‘in-place’ resources of the carboniferous strata of central Scotland…
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