Annual UK onshore oil production has fallen to its lowest level since 2011.
IGas has given up its headquarters in London’s Mayfair, the exploration and production company formally announced today.
Monthly oil, water and gas production were all up at Horse Hill in Surrey, the UK’s newest onshore production site, according to the latest official data.
UK onshore oil production fell in 2019 to its lowest point for eight years, official data has revealed.
IGas has confirmed its first shale gas well at Springs Road in north Nottinghamshire has reached its total depth of 3,500 metres and encountered all three targets.
IGas declared a profit of £15.5m in 2017, after two previous years of loss.