Angus Energy plc said that the Oil and Gas Authority had granted a five-year extension until 28 October 2026 to its licence PL235 in Brockam oil field, Surrey.
PORTLAND RESERVOIR
The company plans to submit an application to the county council to abandon the Kimmeridge layer at BRX4-Z and reperforate the Portland layer in order to increase production from the Portland reservoir.
Angus added it also expected to hear during Q4 the outcome of its application to the Environment Agency to re-inject produced water.
If granted, this would provide reservoir support to increase Portland production and reduce truck movements and the environmental cost of incinerating produced water off site.