Chevron wins shale exploration rights in Poland

Chevron this month acquired rights to explore for natural gas in Poland, the company said today in a filing with the Securities and Exchange Commission. Chevron said the exploration acreage is in the Grabowiec concession in the southeastern part of the country.

The confirmation follows Chevron's announcement in December that the company was awarded three five-year exploration licenses for the

Zwierzyniec, Kransnik and Frampol concessions, also located in Poland, to explore for unconventional gas resources.

In December 2009, the Environment Ministry of Poland granted Chevron permission to carry out seismic studies and exploratory drilling up to 3,500 meters underground, as well as to develop shale gas resources.