Angus Energy announced this morning it had completed drilling its oil production well at Lidsey, near Bognor Regis, in West Sussex.
The well, known as the Lidsey-X2, was spudded on 12 September 2017 and reached a total depth of 1,700m, the company said.
In a statement to investors, Angus said:
“The well was drilled on time and on budget”.
After demobilisation of the rig, the well will be put into production, the statement said.
The deviated well is the second well on the site and is intended to produce from a 443m section of the Great Oolite limestone reservoir, at a depth of 994-1,009m.
But Angus said it had taken samples from potential sources rocks in the Kimmeridge layers at 782-862m and the Oxford Clay at 920-1179m,
It said it had also identified what could be an extension to the Great Oolite reservoir.
Angus said it had planning permission for a third well at the Lidsey site and could convert the original Lidsey-X1 well, drilled in 1987, to a water injector.
The company’s managing director, Paul Vonk, said:
“The Company is in the process of bringing into production 443 metres of oil pay from the Lidsey-X2.
“I am pleased with the successful drilling of the well. We are encouraged the site offers further scope for development.”