Cuadrilla Tables Documents Expressing its Interest to Frack in Lancashire

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Cuadrilla Tables Documents Expressing its Interest to Frack in LancashireFracking firm Cuadrilla has tabled documents expressing its interest to drill four exploratory wells in Lancashire, just outside Blackpool.

The Lancashire county council is expected to review the application, which is expected to take up to 16 weeks. The application, which seeks to drill, frack and measure the flow of natural gas from the wells, is likely to trigger protests from environmentalists, reported The Guardian.

Already, an environmental impact assessment has been done, and will be made public in the next two weeks after the council has reviewed the documents. A public hearing will then be conducted to seek the opinion of the local people.

Should Cuadrilla find any accessible gas, more wells will be drilled in order to facilitate extraction of the fossil fuel, something that will happen several years later. Cuadrilla, which is the fracking pioneer in UK, plans to drill two sites at Roseacre Wood and Preston New Road.

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Fracking, also known as hydraulic fracturing, is a method of oil and gas extraction that involves blasting underground shale rocks with a mixture of chemicals, water and sand at high pressure in order to fracture the rocks and released trapped oil and natural gas, which is then pumped upwards. The technique has been accused of using too much water, releasing greenhouse gases as well as polluting groundwater sources.

Cuadrilla has weathered several storms in its bid to drill in Britain, with two earthquakes in Lancashire being attributed to fracking, while protests in its Balcombe, West Sussex site affected operations. The company has since abandoned plans to frack in Balcombe. . To register for a free 2-week subscription to ForexMinute Premium Plan, visit www.forexminute.com/newsletter.

To contact the reporter of this story; Jonathan Millet at john@forexminute.com