OU Energy Symposium speakers say U.S. shale boom will be tough to replicate globally
BY ADAM WILMOTH NewsOK.com
Sunday, March 10, 2013
3/10/13 at 7:48 AM
Governments and oil producers worldwide are watching the successful American shale oil development of the past few years, but it will be difficult for them to transport the effort outside of North America, according to speakers at the recent University of Oklahoma Energy Symposium.
Chinese companies have invested in Oklahoma City-based Chesapeake Energy Corp., Devon Energy Corp. and SandRidge Energy Inc. Even with the expertise they gain from those projects, similar shale projects in China are not expected anytime soon, said Robert Sheppard, former CEO of BP PLC's Russian oil company TNK.
"You need a service sector that's incredibly sophisticated with a pretty high-tech workforce," Sheppard said. "Building that in China is going to be difficult."
Mike Stice, CEO of Oklahoma City-based Access Midstream Partners, earlier in his career spent five years trying to develop coal bed methane throughout the world.
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Original Print Headline: U.S. shale boom tough to globalize