Fracking firm's £10m county investment
Shale gas exploration firm Cuadrilla has issued its latest Putting Lancashire First'commitments tracker to include figures up to 30 June 2018.
Its figures show that to date more than £10m has been invested into the Lancashire economy by Cuadrilla’s Preston New Road fracking operations.
During the second quarter of 2018, Cuadrilla’s direct spend with suppliers in the county increased to £8.93m.
Indirect spend locally, the amount of money Cuadrilla’s suppliers have sub contracted to other suppliers in Lancashire, stands at £1.1m, Cuadrilla said.
Francis Egan, CEO of Cuadrilla, said: “This is a milestone year for Cuadrilla, with the completion of our two horizontal exploration wells at Preston New Road. I am delighted to see that our exploratory work is already significantly delivering for the Lancashire economy with over £10m invested to date.
Most Popular
-
1
Six-mile tailbacks on M6 southbound north of Preston after collision closes a lane
-
2
REVEALED: The Preston city centre facelift plan that could leave some areas unrecognisable in 10 years' time
-
3
Newly-wed who lost wife to cancer only 13 weeks after their wedding makes £50,000 donation to charity in her memory
-
4
Police appeal after attempted robbery of woman on Lancaster canal towpath
-
5
Chorley man wanted in connection with threats to kill arrested moments before he was about to indulge in meal at McDonald’s in Blackburn
As we start preparing to hydraulically fracture our first two horizontal exploration wells we aim to show that Lancashire shale gas can be safely and sensibly developed in the county to supply local homes and businesses.”
The firm was given permission by Government minister Claire Perry to go ahead and hydraulically fracture its first horizontal well drilled at the Preston New Road sire near Little Plumpton.
It will be the first horizontal gas well fracked in the UK and the first well fracked since Cuadrilla's frack at the abandoned Preese Hall Site in 2011.