UK Oil & Gas plc (UKOG) said it had been granted a one-year extension to the agreed retention area work programme at Horse Hill oil field and its underlying Kimmeridge oil pool.
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The North Sea Transition Authority granted the extension for PEDL137 licence, allowing the company to drill a second Horse Hill Kimmeridge well, starting before 30 September 2023.
UKOG is the operator and owns 83.635% and Alba Minerals plc holds an 11.765% effective interest.