EUROPE

Cuadrilla spuds amid academic questions

DRILLING has started on the UK’s first shale well for six years with Australian-backed Cuadrilla Resources spudding the first of two wells at the Preston New Road site, while a leading UK academic warns the potential for UK shale gas has been “overhyped”.

Cuadrilla spuds amid academic questions

Cuadrilla - 47.4%-owned by AJ Lucas, which in turn has 23.75% of direct equity in the Bowland project alongside UK gas company Centrica (25%) - has spudded the vertical leg of the well to 3500m with the...

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