An onshore oil and gas licence in southern England moved into its production phase this week. But the operator has not yet drilled a well in the area that has been proved to be successful.
UK Oil & Gas plc has given details of a proposed new well site in Surrey.
UK Oil and Gas predicted today it would drill two new wells next year following the extension of one of its Weald licences in southern England.
The exploration company. UKOG, announced this morning it had suspended its well at Broadford Bridge in West Sussex, after describing observed oil flows as likely to be “sub-commercial”.
UK Oil and Gas Investments, one of the companies behind the Horse Hill oil well near Gatwick, has paid £3.5m for a Petroleum Exploration and Development Licence (PEDL) in the West Sussex Weald.