UK Oil & Gas plc (UKOG) expects improved production rates from new power-efficient surface pumps at the Horndean oil field 10 miles north of Portsmouth in Hampshire. LOWER COSTS The company holds a 10% share in PL211 which is operated by IGas plc. UKOG said its net share of oil sales revenues from the asset […]
Tag: Horndean oil field – Hampshire
UKOG looks to diversify after swing to a loss
UK Oil & Gas plc incurred heavy losses due to lost time, extra operational work and relinquishment of a licence from its onshore operations in the South of England. The company also announced its aim to diversify into geothermal and renewable energy and add international sites, with easier regulatory requirements than the UK, to its […]