Third Energy UK
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This article is part of the Spinwatch Fracking Portal and project |
Third Energy UK Gas is a gas exploration company, previously known as Viking UK Gas Ltd (until November 2013) and Tullow UK Gas Ltd (1999-2003).
The company is 97 per cent owned by Barclay's Natural Resources Investment, a private equity arm of the bank, which describes Third Energy as a 'start up business that is focused on acquiring and developing gas assets in the Southern North Sea and Central North Sea. [1]
Contents
Activities
Third Energy's team is led by Rasik Valand (CEO) and consists of executives with significant exploration and production experience in the UK. [1]
According to the company's website bumpf:
- Third Energy exists to develop the UK's indigenous gas and oil resources in the most efficient, environmentally responsible, manner. Our interests encompass exploration stage gravity and seismic activity to appraisal drilling to the production of gas and power.
- We operate gas fields in the Vale of Pickering in North Yorkshire and convert the gas produced to electricity for the UK's national grid.
- Over the next five years, we will be expanding our operations, both onshore in Yorkshire and offshore in the Southern North Sea to build a portfolio of gas assets. This will help to maintain national production for longer and reduce the need for UK imports of gas.
Interestingly, no direct mention of shale gas exploration is evident on the company's website as at May 2014.
Controversies
In summer 2013 at the height of anti-fracking protests in Balcombe, Surrey, Third Energy took shale rock samples while drilling for conventional gas in Kirby Misperton, Ryedale. [2]
The company has drilling rights across a 154 square mile area around the Vale of Pickering, which sits above part of the Bowland shale formation which stretches from Cheshire to Yorkshire and is estimated to hold around 1,300 trillion cubic feet of shale gas.
According to campaign group FrackOff there was a degree of stealth involved:
- Viking UK Gas (a subsidiary of Third Energy) was caught using Cuadrilla’s drilling rig (which is now drilling for IGas at Barton Moss) to drill a deep well into the Bowland Shale at Kirby Misperton in North Yorkshire. The primary target of the well was the conventional Skipton Moor Grit formation but the well was drilled to a total depth of around 9,000 ft, below the bottom of the Bowland Shale. Core sampling the Bowland Shale at Kirby Misperton is just one small step towards fracking Yorkshire, but given that slowly creeping forward seems to be the name of the game at the moment, all these small steps need to be fought or full scale fracking will soon be a reality.
- It turns out that at the same time a company called Rathlin Energy were doing a very similar thing in the East Riding of Yorkshire, just to the north of Hull. Rathlin has drilled two wells at Crawberry Hill near Beverley and at West Newton near Aldbrough (see map below). While portrayed as purely conventional oil wells both were drilled much deeper than the primary target, ending just below the bottom of the Bowland Shale (9,200 ft for Crawberry Hill and 10,500 ft for West Newton – see schematic below). For both wells the primary target was the Permian era Caedby Formation at a depth of less than 4,900 ft but a secondary objective was to take core samples of the Bowland Shale. Rathlin has now submitted applications for two permits from the Environment Agency for continued testing of the West Newton well, with a public consultation (ending on the 4th March 2014). The permits are for the management of extractive waste (EPR/BB3001FT/A001) and a radioactive substances activity (EPR/PB3030DJ/A001). This application for a radioactive substances permit has attracted some attention in the area but not nearly as much as it should have done. Even more worryingly Rathlin has now submitted a similar application for the Crawberry Hill well (Mining Waste Operations – EPR/BB3000KC/A001, Radioactive Substances Activity – EPR/PB3930DV/A001) with a public consultation (ending on the 12th March 2014).
People
- Rasik Valand (CEO) - a co-founder of Third Energy
- David Robottom - chief finance director. has worked for Shell, BG Group and Texaco in technical, commercial and managerial roles over the last 35 years.
- Andy Mortimer
- Grant Emms - co-founder
- John Dewar - co-founder
Board
- Meb Somani – Non Executive Chairman
- Tom Cairns – Non Executive Director - Tom is a Director in BNRI based in London.
Directors listed at Companies House
- John Alexander Gordon Dewar, Director, 26 Jul 2011-
- David James Robottom, Director, 12 Mar 2012-
- Rasik Valand, Director, 26 Jul 2011-
Companies House details
- Company Number: 01421481
- Status: Active
- Incorporation Date: 21 May 1979 (almost 35 years ago)
- Company Type: Private Limited Company
- Jurisdiction: United Kingdom
- Registered Address: KNAPTON GENERATING STATION, EAST KNAPTON, MALTON, NORTH YORKSHIRE, YO17 8JF, United Kingdom
- SIC Codes
- 06.10 - Extraction of crude petroleum
- 06.20 - Extraction of natural gas
Previous Names
- Viking UK Gas Ltd (2013-11-29)
- Tullow UK Gas Ltd (2003-12-11)
- Perenco UK Ltd (1999-03-02)
- Kelt UK Ltd (1995-08-04)
Lobbyists
Affiliations
Resources
- Melissa Jones and Andy Rowell, Access all areas: Westminster's (vast) fracking lobby exposed, 29 April 2015.
- Andy Rowell, Fracking fears for the North York Moors after oil company gains permission to drill for gas, 10 August 2014
Notes
- ↑ 1.0 1.1 Current Investments, Oil and Gas, Barclays Natural Resource Investments, acc 12 May 2014
- ↑ Emily Gosden, Barclays invests in shale gas revolution, The Telegraph, 30 Nov 2013 9:30PM GMT, acc 12 May 2014
