Cuadrilla announces doubling of spending in Lancashire

BY RUTH HAYHURST ON AUGUST 11, 2017    https://drillordrop.com/2017/08/11/cuadrilla-announces-doubling-of-spending-in-lancashire/#more-49716

The shale gas company, Cuadrilla, said today it had doubled the amount of money it had spent in Lancashire in the second quarter of the year.
The company today released the latest figures of what it called its “Lancashire Commitments Tracker, for the period up to 30 June 2017.

According to the document, Cuadrilla’s total spending, direct and indirect, in the county now stood at £2.9m. This was up from £1.47m in the previous release covering up to March 2017 (see left-hand chart below).

The figures show that the company had created 18 full time employees up to 30 June 2017, compared with 14 in the previous figures.
The number of contractors had also risen, from 14 for the period up to March 2017, to 19 up to June 2017. Apprentices rose from two to five over the same period.
The period from December 2016-March 2017 saw no new full time jobs, apprentices or internships, despite the start of work at the Preston New Road site near Blackpool.
Cuadrilla made no local community donations during the second quarter of the year. Local community sponsorships increased by £13,000, up 12.5%.
The number of businesses registering with the supply chain portal, rose 137, from 432 to 569.
Cuadrilla’s chief executive, Francis Egan, said:
“These figures clearly demonstrate that our Preston New Road exploration site in Lancashire has already significantly boosted the county’s economy as well as creating jobs for local people.
“As we start drilling the first exploration wells within the coming week we are proud to continue to put Lancashire first in order to ensure the county continues to benefit from this important national need of exploring for a new indigenous source of natural gas.”

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