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* BP spent $10.5 billion on U.S. shale assets
* U.S. shale veteran Sheffield expects more European entries(Adds Pioneer quote)
STAVANGER, Norway, Aug 27 (Reuters) - French energy groupTotal is not looking at investing in the U.S. shaleoil industry, the company's chief executive said on Monday.
Patrick Pouyanne made the comment when asked whether peerBP's $10.5 billion acquisition of U.S. shale assets fromBHP Billiton had made the sector moreattractive.
"It's first quite expensive, second we don't have the humanresources. BP had the human resources, BP had already aposition, so I can understand their move but it's not my case,”Pouyanne said on the sidelines of an oil conference.
BP's acquisition of about 500,000 producing acres marked aturning point for the group since the Deepwater Horizon disasterin the Gulf of Mexico in 2010, for which the company is stillpaying off more than $65 billion in penalties and clean-upcosts.
Shell and Norway's Equinor have alsoinvested in U.S. shale, but Eni and Total have beencautious.
U.S. shale veteran and Pioneer Natural ResourcesChairman Scott Sheffield rang an optimistic note when asked atthe conference about European oil and gas companies investing inU.S. shale.
"Eventually I think more and more majors will get there,(because) it’s the fastest-growing region for the next 10 yearsin the world. And so if you’re not in the Permian ... then you'dbetter find growth somewhere else," Sheffield said.
He was referring to the Permian basin, which stretchesacross western Texas and eastern New Mexico.
(Reporting by Shadia Nasralla, editing by Louise Heavens andDale Hudson)
