News Oil & Gas

UKOG to develop geothermal hub at Horse Hill oil site

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UK Oil & Gas plc announced it aimed to develop a geothermal energy hub (GeoHub) on part of its oil production site at Horse Hill near Gatwick, Surrey.

Boreholes: UKOG envisages continuing oil production at Horse Hill to the end of economic life (UKOG)

JOINT VENTURE

UKOG added it envisaged continuing oil production at Horse Hill to the end of economic life before repurposing boreholes and transforming the site into 100% renewable energy provision.

The company has signed a heads of terms with Ceraphi Energy Ltd to enter a joint venture agreement for the project which is still in its conceptual stage.

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