Remarkable is it not that as IGas make their case to frack across swathes of Nottinghamshire that their bankrolling partners are keeping their heads well below le parapet.
French companies Total and Engie are heavily financially involved with IGas and have interests in the two licence areas PEDL’s 140 and 200 where IGas have applied to drill exploratory boreholes. Total have a 40% stake in the would be Springs Road exploration and Engie 25% at Tinker Lane.
The French government has taken a decision not to allow fracking in France so French companies are looking across the channel for an opportunity to frack in someone else’s backyard.
IGas’s experience of high volume fracking in the UK is minimal (zero actually) so perhaps they are looking to draw on experience from outside. More likely we think that IGas are keen to draw from the odd French bank account and less interested in French expertise, all in order to pursue their folly. Without the French money it is unlikely that IGas would be able to proceed in Nottinghamshire.
The French believe that they have some considerable credential when it comes to horizontal drilling. After all, as they told IGas they built the channel tunnel didn’t they?
Editors note: The French are not looking to frack the chunnel, their interests are of an exploratory nature and NCC Planning Officers recommend that you believe them.