The exploration site at West Newton, north of Hull, has more oil than previously estimated, investors in the site said today.
An exploration company has told investors about plans to drill next year at a second site at West Newton in East Yorkshire.
An investor in the West Newton wellsite in East Yorkshire has said it could be the UK’s largest onshore gasfield and the largest onshore hydrocarbon discovery since 1973.
Investors in the West Newton oil and gas site north of Hull have announced that drilling is underway on a second well.
Drilling a second well at Rathlin Energy’s exploration site in East Yorkshire is due to start next month, an investor in the project announced this morning.
The exploration company, Rathlin Energy, owed nearly £34m, according to annual accounts published yesterday (7 November 2018).
Council planners have recommended the West Newton-A gas exploration site in East Yorkshire should be allowed to continue until 2021.