A study published in September 2011 concluded that Cuadrilla’s production operations could create 5,600 jobs in the UK, with around 1,700 of these jobs being created in Lancashire.
Cuadrilla estimates that there is 200 trillion cubic feet of Gas in Place in the Bowland Shale. Should a fraction of this be extracted at a commercial rate, there is every chance that Cuadrilla’s presence in the Lancashire area would lead to a major boost for employment and investment.
Cuadrilla commissioned a study by Regeneris Consulting to investigate the potential socio-economic benefits exploration for and commercial extraction of natural gas from shale would have, both regionally and nationally. After considerable research over a five month period, the report and our Gas-in-Place findings were publicly released in September 2011.
The Regeneris report confidently predicts that Cuadrilla’s operations could lead to a significant boost in jobs for Lancashire and the UK.
A measure of the success of Cuadrilla’s operations lies in the number of jobs created in Lancashire. Commercial extraction of natural gas from shale would see Cuadrilla and its suppliers become one of the biggest employers in the region, with specialist companies moving to the region to benefit from the developed skillset.
The report categorised job creation in three production scenarios:
|Scenario||Number of well pads||Length of drilling operations||Number of jobs within Lancashire||Number of jobs within the UK|
|Lower End||20||6 years||560||3,400|
|Central Case||40||9 years||1,700||5,600|
|Higher End||80||16 years||2,500||6,550|
Cuadrilla estimates that there is 200 trillion cubic feet of Gas in Place in the Bowland Shale. Should a fraction of this be extracted at a commercial rate, there is every chance that Cuadrilla’s presence in the Lancashire area would lead to an ‘Aberdeen Effect’, where the region becomes the ‘hub’ for natural gas from shale operations in the UK and Europe.
Cuadrilla and our suppliers have already recruited locally.
In late 2011, Cuadrilla held a recruitment event in Blackpool and invited some of the biggest names in the oil and gas industry to meet shortlisted hopefuls from Lancashire. From this pool of 30 candidates, Cuadrilla hired five entry-level Well Service Technicians and two Field Safety Specialists. What is more, some of our suppliers have gone on to hire from this pool of local candidates.
We will continue to create jobs during the two year exploration phase. Vacancies will be advertised locally to ensure people in Lancashire have the best chance of getting these promising and highly paid jobs.
The Geophysical Survey that we carried out in Spring 2012 saw a direct investment of over £1.5 million into the Lancashire economy through salaries and local expenditure, employing 50 people from the area. These people acquired and developed skills which will enable them to work on other similar projects in the future.
Should Cuadrilla move to the production phase, we estimate that £20 million in business rates could be paid. Under Government proposals to allow local authorities to keep business rates, the local authorities in the area would see a significant increase in the revenue generated by Cuadrilla’s presence in Lancashire
This would be a significant bonus to our local authorities and could be used to support local services, saving the tax payer money.
(Under existing regulations, money goes to central government before being redistributed)