UK Oil & Gas PLC introduced that, on Friday seventh June, complete combination Portland and Kimmeridge take a look at oil manufacturing from the Horse Hill oil area, wherein the Company has a 50.635% majority curiosity, reached a big landmark of 50,000 barrels (“bbl”) of sunshine, candy, dry oil. Total combination take a look at manufacturing now stands at 50,871 bbl.
Horse Hill-1 continues to supply Portland oil at a steady charge of over 220 barrels of oil per day through a modest stress draw down. The Portland has now delivered an combination complete of 25,777 bbl thus far, exceeding the 25,094 bbl produced from the deeper Kimmeridge. During the take a look at, no formation water has been produced from both the Portland or Kimmeridge reservoirs.
Portland take a look at manufacturing is now deliberate to proceed till the second half of June when closing website preparations for simultaneous HH-2/2z Portland drilling and HH-1 Kimmeridge manufacturing operations will start. To facilitate each protected drilling and coring of HH-2/2z by way of the Portland, to supply continued oil gross sales revenues and additional priceless take a look at knowledge previous to drilling HH-1z, preparations will embody switching take a look at manufacturing to the deeper Kimmeridge oil pool. Further essential logistic and administrative preparations for the arrival of the drilling rig and related providers are scheduled to be finalised this week.
The Horse Hill oil area and surrounding extremely potential PEDL137 and PEDL246 licences (situated close to London Gatwick airport) are operated by UKOG’s subsidiary firm Horse Hill Developments Ltd, wherein UKOG holds a 77.9% direct curiosity.
Horse Hill 2018-19 EWT Oil Production Milestones:
• 50,871 bbl combination Kimmeridge and Portland oil manufacturing
• 25,777 bbl complete Portland manufacturing
• 25,094 bbl complete Kimmeridge oil manufacturing
• No discernible formation water produced from both reservoir
• Stable Portland take a look at manufacturing continues to show extra oil within the floor
Stephen Sanderson, UKOG’s Chief Executive, commented:
“The Horse Hill Portland continues to supply strongly and persistently underneath modest stress draw downs, delivering over half of the landmark 50,871 bbl take a look at manufacturing thus far. With the a lot awaited simultaneous HH-2/2z Portland horizontal drilling and HH-1 Kimmeridge take a look at marketing campaign quick approaching, the rest of the 12 months at Horse Hill now guarantees to be really thrilling and doubtlessly transformational for each Horse Hill and UKOG.”
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