In the past week, UK Oil & Gas, one of the companies with an interest in the Horse Hill well near Gatwick, has announced plans for well testing at the site. It also said it would apply for permissions to produce oil at Markwells Wood, an exploratory site […]
David Lenigas is retiring as chairman of UK Oil and Gas Investments plc, one of the companies behind the Horse Hill exploratory oil well near Gatwick. He has been replaced by Steve Sanderson, who will remain as chief executive.
Magellan Petroleum, the American company with an interest in the Horse Hill well near Gatwick, has commented on the announcement about huge quantities of oil in the Weald made by its partner UK Oil & Gas Investments.
An oil well drilled in the South Downs National Park in 2010 could be abandoned because the companies behind it have given up their exploration plans for the area. The decision follows a study which found there was little prospect of finding shale oil or gas.