GDF SUEZ E&P UK has entered into an agreement with Dart Energy to acquire a 25% share in 13 UK onshore licences located in Cheshire and the East Midlands, overlying the Bowland Shale. Dart Energy will retain a 75% interest and operatorship of the licences.

This acquisition represents GDF SUEZ first entry into licences with shale gas potential and onshore exploration activities in the UK.

'We are very confident about the potential of shale gas in the UK, and its anticipated contributions to UK energy security. GDF SUEZ is pleased to enter its first investment in UK shale gas as it complements the large presence of the Group in the UK. We look forward to working with our partner, Dart Energy, to unlock the potential of these licences', says Jean-Marie Dauger, Executive Vice-President GDF SUEZ, in charge of the Global Gas & LNG business line.

Tags: GDF SUEZ