Minijos Nafta commences shale gas and oil exploration
Minijos Nafta is the first Lithuanian company to begin exploration for hydrocarbons in shale rocks.
Drilling of the first exploration well for shale gas and oil started on 18 May in Kalnaliai village near Sveksna in Silutes District.
Minijos Nafta plans to invest about LTL 6.5 mill. in these exploration activities.
Drilling of the well is to take up to three months and later corresponding tests will be made. In six – nine months it will clear out whether shale rocks hold hydrocarbons.
If optimistic forecasts are confirmed and the volumes of shale oil or gas are sufficient, the company will take further decision regarding commencement of commercial production of these natural reserves.