Peel joins emerging shale gas industry
PEEL Group has launched a gas and oil business in a bid to maximise the economic and supply chain benefits to the North of England from the emerging shale gas industry.
Peel Gas & Oil works alongside current and prospective onshore licence holders as a development partner, providing integrated property solutions for the industry.
With close links to other subsidiaries within the Group – such as Ports and Logistics – Peel Gas & Oil is encouraging investment in the infrastructure needed to support shale gas development in the region.
The company says the new subsidiary will draw on the Group’s skills and assets in land, infrastructure, utilities, transport and planning to help establish the industry in the UK.
The company is already working with IGas on a number of sites in the North West of England and expects to announce further partnerships in the coming months.
Peel Gas & Oil managing director Myles Kitcher said: “The emerging onshore shale gas sector is a golden opportunity for the UK and the North in particular. There is a growing momentum in this region, with the Government announcing the new National College for Onshore Oil and Gas, based in Blackpool and linked to the University of Chester.
“We are ideally placed to become a regional hub for the industry drawing on existing assets, such as the Manchester Ship Canal and thriving ports, and the wealth of expertise businesses in the area have to offer.
“This could help transform the regional economy, unlocking a projected £10bn investment and more than 3,500 jobs in the development of shale gas resources in the North West region alone. We need to act quickly to get a thriving supply chain in place, ready to benefit from the emerging industry.”
Lee Petts, of Onshore Energy Services Group, said: “Peel Group has an impressive track record of successful development in the energy and environmental sectors, particularly renewables, and is well positioned to bring its considerable experience and expertise to onshore oil and gas.
