Deloitte: International shale work will take longer than in US

11/19/2012
Vast shale plays worldwide are going to be explored and developed although it's going to take more than a decade before another country outside the US or Canada can duplicate the current US shale boom, speakers told the Deloitte Oil & Gas Conference on Nov. 13 in Houston. Chad C. Deaton, Baker Hughes Inc. executive chairman, told some 600 conference attendees that there will be competition from countries abroad to produce unconventional reserves, which he said means that the US needs to retain its leadership role and expertise. To do this, industry needs to better educate the public and government about the merits of hydraulic fracturing to ensure that unconventional reserves can be t...
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