The unconventional gas phenomenon in the U.S. will be difficult to replicate in other parts of the world, Chevron Corp.‘s corporate vice president said April 16.
Speaking at the LNG 17 conference in Houston, Joseph Geagea, also president of Chevron Gas and Midstream, said the U.S. has several advantages over countries in Europe and Asia that may be interested in doing unconventional drilling of their own. One of the largest advantages, he explained, is drillers in the U.S. already know where to look because they have decades of seismic data.
“We know where the sweet spots are,” he said. “We don’t have that data anywhere else in the world. For us to jump and say that will happen elsewhere very quickly is not something we have in our current point of view.”
Geagea also said the U.S. has the advantages of strong infrastructure, hubs for gas production, and a solid regulatory structure at the state and federal levels.
“We think it’ll be a long time before it’s replicated,” he said of the advantages for U.S. unconventional drillers.
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