IGas has confirmed it has relinquished the Tinker Lane shale gas licence in Nottinghamshire and written off £10m in exploration costs. But the company said it was continuing to work with regulators and government to end the moratorium on fracking in England.
2020 was a frack free year in the UK because the shale gas industry failed to persuade ministers to lift blocks on the process.
In the week that IGas confirmed its Tinker Lane well had missed the Bowland shale, campaigner Ben Dean investigates the high failure rate of UK onshore oil and gas licences in the past two decades.
Oil and gas companies operating more than 40 onshore oil and gas licences face losing at least part of their acreage at the end of this month.
DRILL OR DROP? 