Major oil discovery near London Gatwick

12. April, 2015 News No comments
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New report announce that oil field near London Gatwick Airport is much richer in hydrocarbons than previously estimated.

The report comissioned by field developers – UK Oil and Gas – states that Horse Hill field just  north of Britain’s second-largest airport could produce 60 mln boe per km squared. The oil was discovered 1000 metres below the surface in southern Weald Basin. By applying conventional methods it is estimated to recover 3-15% of the resources.

This could be a significant discovery but the investors are yet to decide if production proves economic value.

The main investor UKOG states that south England fields could produce up to 100 mld barrels of oil, a  huge shift from 8 mld boe according to estimates from last year.

switcher

Sources: inżynieria.com; uk.reuters.com
IMG: theguardian.co.uk; cityam.com; theblaze.com

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Jakub Pitera

Junior editor in YoungPetro, a second year student of Oil and Gas Engineering at Faculty of Drilling, Oil and Gas at AGH University of Science and Technology; an active member of scientific research circle centred on petroleum production. Interested in reservoir characterisation and computer modelling. Enjoys time off by playing electric guitar, cooking and bass music.

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