London (PRWEB UK) 13 January 2014
Councils that back "fracking" will get to keep more money in tax revenue as part of an "all-out" drive to promote drilling, Prime Minister David Cameron has said. Local authorities would receive all the business rates collected from shale gas schemes - rather than the usual 50%. The government says projects will support 74,000 jobs and reduce bills.
Furthermore, Energy Minister Michael Fallon said local councils could benefit by up to £10m per wellhead if shale gas was successfully extracted in their communities, through the 1% levy on revenues. This would be on top of the business rates they would receive from companies involved in drilling. "We want local councils and local people to benefit from this exploration. We expect 20 to 40 wells to be drilled in exploration over the next couple of years and I think it's very important that local communities see some of the benefit”.
(Source: BBC News, 13th January 2014, "Cameron promises councils 'fracking' tax boost", http://www.bbc.co.uk/news/uk-politics-25705550)
Against this backdrop, SMi’s 7th annual Unconventional Gas conference will explore how shale gas exploration has affected different regions across the globe including the US, Australia and Poland with industry insight from 3Legs Resources, Breitling Oil and Gas, PGNiG, BNK Polska SP z. o.o. and BP. Essential findings will also be provided on what lies ahead for shale development in the UK from Reach Coal Seam Gas and Tamboran Resources. With the UK now pressing ahead on shale exploration, now has never been a better time to address the latest developments from an array of global producers, and how the UK can learn from more developed markets.
Key presentations at SMi's 7th annual Unconventional Gas conference include:
- Balancing operational success and stakeholder expectations in the exploration & production industry
Kamlesh Parmar, CEO, 3Legs Resources
- Best practices for the UK Shale Gas industry- addressing local and environmental concerns
Graham Dean, Managing Director, Reach Coal Seam Gas
- Tackling new opportunities
Tony Bazley, Director , Tamboran Resources
- Global Gas markets trends and the role of unconventional
Kai Dunker, Lead Economist Global Gas Markets, BP
- Industry insight - How can shale gas developments contribute to UK energy security - Lessons learnt from the USA
Chris Faulkner, Chief Executive Officer, Breitling Oil and Gas
- PGNiG Approach to Unconventionals
Marcin Lewenstein, Director, Department of Strategy, PGNiG
View the full conference programme, speaker line-up and download the event borchure at http://www.smi-online.co.uk/2014unconventional-gas15.asp
Plus, don't miss the pre-conference workshop on:
Regulatory and environmental issues in shale gas exploration in the UK and Central & Eastern Europe | Led by CMS Cameron McKenna LLP | 4th March 2014, London, UK
This half-day workshop will enable participants to gain a greater understanding of some of the practical issues to be addressed by those organisations looking to explore for and produce shale gas in Europe, with a focus on issues specific to some of the key markets, namely the UK and Central & Eastern Europe.