UK Oil & Gas plc (UKOG) expects to resume oil production soon following the arrival of a small workover rig at the company’s Horse Hill site north of Gatwick.
Planned routine intervention operations at UKOG 85.635% owned Horse Hill-1 well have also started.
The short intervention aims to optimise oil flow via reperforating the full Portland oil producing section.
UKOG added that a new simplified production tubing string will be inserted and, setting the downhole pump at a deeper level, will increase pumping efficiency.
The Horse Hill Portland and Kimmeridge oil field is operated by UKOG’s subsidiary company Horse Hill Developments Ltd in which UKOG has a direct 77.9% interest.
HHDL has a 65% interest in the field and surrounding PEDL137 and PEDL246 licences, with the remaining 35% interest held by UKOG’s wholly owned subsidiary, UKOG (137/246) Ltd.
UKOG’s chief executive, Stephen Sanderson, said: “We look forward to safe, swift and successful operations and to the resumption of stable oil production at Horse Hill as soon as possible.”
UKOG’s portfolio comprises two onshore oil-producing fields, which generate cash for UKOG, four appraisal/development licences (two with additional exploration potential) and three exploration licences.
The company’s assets are primarily in the Weald Basin, in southern England and include Avington PEDLLO70, Broadford Bridge, Loxley/Godley Bridge PEDL234, Baxters Copse PEDL233, A24 (PEDL143), Horndean (PL211), Isle of Wight Onshore (PEDL331), and Markwells Wood (PEDL126), and its flagship site Horse Hill PEDL137/246.