• 53 mins Syrian Rebel Group Takes Over Oil Field From IS
  • 3 days PDVSA Booted From Caribbean Terminal Over Unpaid Bills
  • 3 days Russia Warns Ukraine Against Recovering Oil Off The Coast Of Crimea
  • 3 days Syrian Rebels Relinquish Control Of Major Gas Field
  • 3 days Schlumberger Warns Of Moderating Investment In North America
  • 3 days Oil Prices Set For Weekly Loss As Profit Taking Trumps Mideast Tensions
  • 3 days Energy Regulators Look To Guard Grid From Cyberattacks
  • 3 days Mexico Says OPEC Has Not Approached It For Deal Extension
  • 3 days New Video Game Targets Oil Infrastructure
  • 3 days Shell Restarts Bonny Light Exports
  • 3 days Russia’s Rosneft To Take Majority In Kurdish Oil Pipeline
  • 3 days Iraq Struggles To Replace Damaged Kirkuk Equipment As Output Falls
  • 4 days British Utility Companies Brace For Major Reforms
  • 4 days Montenegro A ‘Sweet Spot’ Of Untapped Oil, Gas In The Adriatic
  • 4 days Rosneft CEO: Rising U.S. Shale A Downside Risk To Oil Prices
  • 4 days Brazil Could Invite More Bids For Unsold Pre-Salt Oil Blocks
  • 4 days OPEC/Non-OPEC Seek Consensus On Deal Before Nov Summit
  • 4 days London Stock Exchange Boss Defends Push To Win Aramco IPO
  • 4 days Rosneft Signs $400M Deal With Kurdistan
  • 4 days Kinder Morgan Warns About Trans Mountain Delays
  • 4 days India, China, U.S., Complain Of Venezuelan Crude Oil Quality Issues
  • 5 days Kurdish Kirkuk-Ceyhan Crude Oil Flows Plunge To 225,000 Bpd
  • 5 days Russia, Saudis Team Up To Boost Fracking Tech
  • 5 days Conflicting News Spurs Doubt On Aramco IPO
  • 5 days Exxon Starts Production At New Refinery In Texas
  • 5 days Iraq Asks BP To Redevelop Kirkuk Oil Fields
  • 6 days Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 6 days Oil Gains Spur Growth In Canada’s Oil Cities
  • 6 days China To Take 5% Of Rosneft’s Output In New Deal
  • 6 days UAE Oil Giant Seeks Partnership For Possible IPO
  • 6 days Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 6 days VW Fails To Secure Critical Commodity For EVs
  • 6 days Enbridge Pipeline Expansion Finally Approved
  • 6 days Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 6 days OPEC Oil Deal Compliance Falls To 86%
  • 7 days U.S. Oil Production To Increase in November As Rig Count Falls
  • 7 days Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 7 days Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 7 days EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 7 days Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
James Burgess

James Burgess

James Burgess studied Business Management at the University of Nottingham. He has worked in property development, chartered surveying, marketing, law, and accounts. He has also…

More Info

Successful Flow-Test Confirms Gatwick’s Oil Potential

Successful Flow-Test Confirms Gatwick’s Oil Potential

After capturing headlines with news of a 100-billion-barrel discovery late last year, the first successful flow-test at the Horse Hill well near the UK’s Gatwick airport confirms the potential for some 500 barrels per day from this single license.

UK Oil & Gas (UKOG), the operator of the Horse Hill well (HH-1) says that oil has flowed to the surface at a faster rate than originally anticipated, with light sweet oil rising from 900 meters below ground level at a rate of 463 barrels per day.

Exploratory drilling at the HH-1 discovery well was completed in late 2014, and UKOG says the well could produce up to 500 barrels of oil per day.

Shares in UKOG, which owns just over 20 percent of the license, were up 40 percent on the news.

Related: Oil Markets Unimpressed By Crude Output Freeze

UKOG had earlier come out with sensational news that the area could hold up to 100 billion barrels of oil; however, a soberer assessment by Schlumberger put the estimate at about 10 billion barrels of oil on the UKOG license area, which covers 55 square miles.

"Importantly, tests so far show oil has flowed to the surface under its own pressure and has not, so far, required artificial lift," the BBC quoted UKOG executive chairman Stephen Sanderson as saying.

Related: Will Billion-Dollar Coal Remediation Tech Take a Hit After Supreme Court Ruling?

There is likely to be opposition from farmers and local communities to extraction, through hydraulic fracturing, at this site. The well is located with onshore exploration license PEDL137, near Gatwick airport, on the northern side of the Weald Basin, which covers more than 4,000 square miles in southern England.

Protestors are frequently gathering at the Horse Hill site to demonstrate against the use of fracking.

UKOG has reportedly begun the process of obtaining regulatory approval to carry out further tests to demonstrate 'sustainable commercial production.'

By James Burgess of Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News