ExxonMobil in Poland shale exit

Poland shale programme: ExxonMobil decides not to pursue further drilling

Following two disappointing test wells in January, ExxonMobil has made the decision to call off further exploration there, a spokesman said Monday.

"There have been no demonstrated sustained commercial hydrocarbon flow rates in our two wells in the Lublin and Podlasie basins," ExxonMobil spokesman Patrick McGinn told Upstream in an email.

"We do not have additional drilling plans in Poland."

The supermajor's chief executive Rex Tillerson in March alluded to some of the technical challenges of drilling in rock formations that had initially held high hopes for unconventional production.

The US Energy Information Administration has pegged Poland as having among the largest shale reserves in Europe.

Nonetheless, ExxonMobil chief executive Rex Tillerson spoke to the technical difficulties…

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