UK Oil & Gas plc has been granted more time for the retention area work programme containing the Horse Hill oil field in Surrey.
PRODUCTION WELL
The North Sea Transition Authority consented to the extension within PEDL137, under which lies the Kimmeridge oil pool, to 30 September 2025.
NSTA last granted UKOG an extension in May 2022.
UKOG (85.635%) said that the new date corresponded with the farm-in programme agreed with Pennpetro Energy plc, comprising one new production well, HH-3, plus a 12km² 3D seismic survey.
Seismic acquisition is currently targeted to begin during H1 2024.