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BP hopes to begin exploratory drilling as early as the end of 2016.
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Also, planned exploratory drilling in the Arctic this summer has been put on hold.
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Total investments including extraction after exploratory drilling could reach $10 billion, he said.
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Total investments, including extraction after exploratory drilling, are put at around $10 billion.
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It has carried out seismic studies and has said it will start exploratory drilling this year.
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Cuadrilla has suspended operations in Balcombe, close to where it was carrying out the exploratory drilling.
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The rest still need time to finish exploratory drilling and studies before beginning commercial production, it says.
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Earlier government figures set total investments, including extraction after exploratory drilling, at around $10 billion.
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Ms Cheung challenged the Prime Minister to go further and put an end to exploratory drilling too.
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Providence recently ended exploratory drilling in Barryroe.
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The costs of UK shale will not be clearer until a significant amount of exploratory drilling takes place.
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New exploratory drilling in water depths of more than 500 feet will be banned under the six-month moratorium.
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Back at the farmhouse, Sawicki tells us his opposition to the exploratory drilling has come at a price.
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The company had been seeking permission for exploratory drilling and fracking in Little Plumpton, between Preston and Blackpool.
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It has been reported that each exploratory drilling well in Poland costs its operators some $10 million.
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To the Coromandel now where Anti-gold mining protesters have disrupted exploratory drilling at Karangahake once again at the weekend.
