Birds of Prey Delay Polish Fracking Boom

By Bloomberg - 2013-02-11T12:04:29Z

Photograph by Julia Schmalz/Bloomberg

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Exxon Withdrawal

The ministry expects companies to drill 39 wells this year, more than double the annual average over the previous 30 months, as the government moves to simplify environmental rules.

In June, Exxon Mobil, the world's biggest energy company by market value, pulled out of Poland, citing "disappointing" results from its first wells. Talisman Energy Inc. may exit to focus on shale in North America, it said in October.

Poland was Europe's largest holder of unconventional gas, with total technically recoverable reserves of 187 trillion cubic feet, 33 percent more than those of America's Marcellus shale, the U.S. Energy Information Administration said in 2011.