Fracking & the UK
A number of areas in the UK have been identified as having shale gas potential – The Bowland Basin in the North, The Weald Basin in the South East and Northern Ireland.
Exploratory drilling by Cuadrilla found 5.6 trillion cubic metres (200 trillion cubic feet) of shale oil and gas reserves in Lancashire.
It is estimated that there are 4.4 billion barrels of recoverable shale oil in The Weald Basin in Kent.
The Institute of Directors estimated that UK shale gas could stimulate investment of up to £3.7 billion per year.
The industry is expected to support up to 74,000 direct and wider industry jobs.