The Peel Group has launched a Gas & Oil business looking to maximise the economic and supply chain benefits to the North of England from the emerging shale gas industry.
Peel Gas & Oil works alongside current and prospective onshore license holders as a development partner, providing integrated property solutions for the industry. With close links to other subsidiaries within the Group – such as Ports and Logistics - Peel Gas & Oil is encouraging investment in the infrastructure needed to support shale gas development in the region.
The new subsidiary will draw on the Group’s skills and assets in land, infrastructure, utilities, transport and planning to help establish the industry in the UK. The company is already working with IGas on a number of sites in the North West of England and expects to announce further partnerships in the coming months.
Myles Kitcher, Peel Gas & Oil Managing Director, said:
“The emerging onshore shale gas sector is a golden opportunity for the UK and the North in particular. There is a growing momentum in this region, with the Government announcing the new National College for Onshore Oil and Gas, based in Blackpool and linked to the University of Chester.
“We are ideally placed to become a regional hub for the industry drawing on existing assets, such as the Manchester Ship Canal and thriving ports, and the wealth of expertise businesses in the area have to offer. This could help transform the regional economy, unlocking a projected £10 billion investment and over 3500 jobs in
development of shale gas resources in the North West region alone. We need to act quickly to get a thriving supply chain in place, ready to benefit from the emerging industry.”
Mark Whitworth, Peel Ports CEO, said:
“The development of the UK shale gas industry offers huge potential but will require a new approach to supply chain management. Capital commitment and investment in specialist equipment, infrastructure and skills is being made by Peel Ports at an early stage to ensure that we are industry –ready and taking a leadership position in preparation for the significant opportunities arising from shale gas production in the UK. It is important that the North West responds to the potential of this industry in order not to lose out to other countries who are already involved in this sector”.
Lee Petts, Onshore Energy Services Group, said:
"Peel Group has an impressive track record of successful development in the energy and environmental sectors, particularly renewables, and is well positioned to bring its considerable experience and expertise to onshore oil and gas.
"We welcome its early commitment to developing a strong northern supply chain, and look forward to working constructively with Peel Gas and Oil to ensure that smaller companies get to play a big role in making shale gas, and other forms of energy extraction, a British success story."
The Government is expected to make an announcement on the 14th UK onshore Oil and Gas Licensing Round shortly. The Peel Group has a unique range of assets to provide critical port services; road rail and water networks and land and property within easy access of the identified regional licence areas.
For further information on Peel Gas & Oil visit /
and on Peel Ports visit http://peelports.com/