The firm behind the Horse Hill oil development near Gatwick Airport has agreed to take a 50% non-operated interest in a licence in Turkey.
UK Oil and Gas
The UK offshore oil and gas sector is "ready to support" carbon capture and storage (CCUS), the boss of Oil and Gas UK (OGUK) has revealed.
A subsidiary of UK Oil and Gas (UKOG) has deemed the Portland Sandstone discovery in Surrey "commercially viable" following extended well tests.
UK Oil and Gas (UKOG) has wrapped up a £6.6 million deal for 22% of Horse Hill Developments (HHDL) from Gunsynd, Primorus Investments and Solo Oil.
Oil and gas consultancy firm Xodus Group confirmed the discovery of additional oil at the Horse Hill-1 Portland site today, operator UK Oil and Gas (UKOG) has confirmed.
UK Oil & Gas Investments said a competent persons report (CPR) by Xodus Group of the company’s onshore Markwells Wood oil field has calculated more than 1million barrels of recoverable oil. The company has a 100% interest in the oil field which is located in the UK licence PEDL126 in the west of the Weald Basin. The Markwells Wood oil field is 60km to the southeast of the company’s Horse Hill oil discovery.
UK Oil and Gas (UKOG) is poised to take the onshore market by storm. The firm confirmed in its latest company results that it had the finance and technology partners to leverage its prospects – which includes Horse Hill’s 9.2 billion barrel find.