Written question asked by Lord Greaves (Liberal Democrat) on Thursday, 17 September 2015, in the House of Lords. It was due for an answer on Thursday, 1 October 2015. It was answered by Lord Bourne of Aberystwyth (Conservative) on Thursday, 24 September 2015 on behalf of the Department of Energy and Climate Change.

Fracking

Question: To ask Her Majesty’s Government, further to the Written Answer by the Prime Minister on 11 September (HC9076), on what evidence they base the statement that "investment in shale could reach £33 billion and support 64,000 jobs in the oil, gas, construction, engineering and chemical sectors"; how many wells would be required to achieve such levels of investment and employment; and over what time period such levels would be achieved.

Answer

EY’s 2014 report, ‘Getting Ready for UK Shale Gas: Supply chain and skills requirements and opportunities’ identifies that over the period of 2016–32 c.£33bn of spend could be required to bring up to 4,000 wells into production. At peak this equates to around £3.3bn of spend and some 64,500 jobs (6,100 of which are direct roles).

The full report can be viewed at:

http://www.ey.com/Publication/vwLUAssets/Getting_ready_for_UK_shale_gas/$FILE/EY-Getting-ready-for-UK-shale-gas-April-2014.pdf

Secondary information

Type: Written question
Reference: HL2334
Session: 2015-16
Related items: Fracking
Friday, 11 September 2015
Written questions
House of Commons
Subjects: Employment Investment Fracking
Contains statistics: Yes
Link: View this Written question on www.parliament.uk

Fracking

Secondary information

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