THE Louth-based onshore drilling firm Meehan Drilling has entered a ten year joint venture to drill for Coal Bed Methane in the UK.
The company has entered into the agreement with London-listed IGas Energy PLC, a leading developer of unconventional gas resources in the UK.
Meehan Drilling are specialists in the provision of drilling and ground engineering services to clients in the public, commercial, domestic and agricultural sectors.
It is the first and only Irish Drilling company to have the capabilities to drill down to 10,000ft.
In order to drill for conventional oil and gas, Deep Geothermal and Coal Bed Methane, Meehan Drilling has invested in state-of-the art machinery, including a Schramm TXD rig.
This unique rig, regularly used in the US for drilling for unconventional gas has a proven track record of economic delivery of wells and is the first of its kind in Europe.
The rig will specifically be used to drill for Coal Bed Methane in the UK. Coal Bed Methane is a form of natural gas extracted from coal beds which has become an important source of energy in the US, Canada, Australia and China.
“We are delighted to enter this joint venture with IGas to deliver a full Coal Bed Methane drilling service,” said Johnny Meehan, Director, Meehan Drilling.
“The Coal Bed Methane industry in the UK is relatively small, however, with the continuing decline in natural gas from the North Sea, it is becoming an increasingly popular source of gas.
“Coal Bed Methane now accounts for up to 7 per cent of the energy use in the US and Australia and Meehan Drilling, together with IGas, are keen for the UK to follow suit.”
John Blaymires, IGas Chief Operating Officer said: “This joint venture will have significant strategic and tactical importance as the company continues to grow.
“This joint venture secures IGas the ability to fulfill the 2011 objective of delivering a commercial production site...”