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UKOG partners with Angus ahead of licencing round

Industry news
Industry news

Onshore explorer UK Oil & Gas (UKOG) has partnered with operator Angus Energy ahead of the 14th onshore oil and gas bid round by the Department for Energy and Climate Change (DECC).

The partnership would split the ownership of any licences secured during the bidding on 50-50 basis, with Angus Energy assuming the operator’s role.

“UKOG sees the 20 year history of Angus Energy as one of the few experienced licenced UK oil and gas operators, as being important in securing additional licences in the expected upcoming 14th bid round,” said David Lenigas, UKOG chairman.

The company owns 6% of Angus Energy who currently operates the conventional onshore Lidsey and Brockham oil fields in the Weald Basin, Southern England.

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