(Alliance Information) – UK Oil & Gasoline PLC has completed website work forward of the drilling of a brand new properly at Horse Hill, it stated on Thursday, only a day after planning permission was obtained.
Work has ended forward of the arrival of a rig, which is able to drill the Horse Hill-2/2z properly into the Portland formation.
UKOG did must halt check manufacturing from the Horse Hill-1 properly briefly to permit this work to hold out, however has resumed, though it should be stopped briefly as soon as once more when the rig arrives.
Earlier than the shut-in, Horse Hill-1 reached a complete of 36,559 barrels of oil over the ultimate 48-hour check interval.
UKOG expects the rig for the second properly to reach late in September, with drilling work to take round 30 days.
On Wednesday, the agency stated Surrey County Council had granted planning permission for oil manufacturing at Horse Hill lasting 25 years, at as much as 3,500 barrels a day. It additionally Wednesday took its stake to 86% from 51%, for GBP12 million.
Chief Govt Stephen Sanderson stated on Thursday: “Following our transformational acquisition of an additional…