News Oil & Gas

UKOG granted extension to drill at Horse Hill

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UK Oil & Gas plc (UKOG) has been granted a two-year extension to drill in its licences at Horse Hill oil field near Gatwick, southeast England.

Time: fulfilment of the retention area programme enables the company to retain all the licensed area (UK Oil & Gas)

The company said that the Oil & Gas Authority gave approval to the remaining drilling deadlines at PEDL137 and PEDL246 in response to Covid-19.

These are needed to satisfy in full the agreed retention area (RA) work programmes of the company’s two operated 85.635% licences.

The RA programme deadlines are now to start drilling a Kimmeridge appraisal well in PEDL137 well by 30 September 2022, and a Kimmeridge exploration well in PEDL246 by 30 June 2025.

UKOG added that fulfilment of the RA programme enabled the company to retain all the licensed area as opposed to a relinquishment of part of the licence.

Both extensions are retroactive and take effect from the RA anniversary date of 30 September 2020 for PEDL137 and 30 June 2020 for PEDL246.

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