UK Oil & Gas plc (UKOG) said that the North Sea Transition Authority had approved the recompletion, or conversion, of Horse Hill-2z into a water reinjection well at the site in Surrey.
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INTERESTS
The move follows approval from the Environment Agency on 4 May.
The company holds an 85.635% operated interest in the Horse Hill oil field and surrounding PEDL137 licence.
Alba Mineral Resources owns an 11.765% effective interest.