Billionaire industrialist Sir Jim Ratcliffe has asked business secretary Quasi Quarten for permission to drill a shell test site.
According to the Times, the founder of Ineos is proposing to create a fully functional test site to demonstrate that technology can be secure.
Ratcliffe said it was “ridiculous” to have “so much gas under our feet” with the UK in the energy crisis, with huge sums of money being paid to oppressive regimes and rising fuel prices leading people to energy poverty.
He argued that the test site would show that “a skilled operator can be trusted to safely develop technology”.
Last weekend, Ratcliffe criticized the government for abandoning fracking in 2019 without “the decency of apology.”
It announced last week a new survey of quartet fracking, to be conducted by the British Geological Society.
It will focus on whether the process is safe and whether the new technology makes potential vibrations more predictable.
Fracturing involves pumping water, chemicals, and sand under the soil at high pressure to break up the rock and release trapped oil and gas.
Prime Minister Boris Johnson imposed a moratorium on fracking in 2019, following a report by the Oil and Gas Authority – now known as the North Sea Transformation Authority (NSTA) – concluding that the probability or magnitude of the earthquake associated with the quake could not be accurately predicted. Fracking operation.
The NSTA then instructed Quadrilla to plug and abandon two shell wells in Lincolnshire – the only UK operating and licensed site – earlier this year.
However, Russia’s aggression in Ukraine and the growing need for energy security have changed the mood of Downing Street.
Household energy bills have risen to about £ 2,000 a year – leading the government to plan to increase domestic energy production for decades to come.
Although fracking was not included in the government’s energy security strategy, the NSTA has since lifted its plugging order when the government unveiled a new survey – delaying the closure of both sites until at least July 2023.