UKOG gets extension for prospective license offshore southern England

Offshore staff

LONDON – Britain’s Oil and Gas Authority has granted UK Oil & Gas Investments a one-year extension to the initial term of the P1916 license offshore the Isle of Wight off the English south coast.

UKOG has a 100% interest in the license, which now runs to Jan. 31, 2018.

It contains an undrilled Portland limestone conventional oil prospect, thought to be analogous to the nearby Arreton Portland oil discovery in the company’s adjacent PEDL331 onshore license.

There is also a deeper Triassic sandstone prospect directly beneath the Portland target in P1916.

The company plans to submit a planning application to drill one or more prospects in the Isle of Wight over the coming year.

Stephen Sanderson, executive chairman, said: “UKOG’s future planned Isle of Wight operations are aimed solely at the extraction of oil from conventional naturally-fractured limestone and sandstone reservoirs, not shale, and therefore will not utilize massive hydraulic fracturing.

“Our drilling on the island is intended to cause zero hazards to any groundwater by employing the same drilling fluids and practices used by the water supply industry to drill drinking-water abstraction wells within the UK’s limestone aquifers.

“This drilling technology is intended to include the use of modern biodegradable drilling fluids, manufactured from 100% natural plant starches, which are approved for use under the UK’s Water Supply Regulations.”


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Shell Leverages Data to Transform from Reactive to Predictive Operations

This 6-page report describes how Shell engaged in a massive project with OSIsoft to transform the...

Selection, Use, Care and Maintenance of FR Clothing

For industries operating in an inherently dangerous environment, the importance of selecting the ...

Evolution or Revolution: IT / OT convergence means a world of possibilities

The oil and gas industry is experiencing a rapid paradigm shift in regards to digital transformat...

Predict, Prescribe, Profit: Creating a World that Doesn't Break Down

What are you doing to reduce unplanned downtime at your plant? Equipment breakdowns and process i...