UK Oil & Gas PLC Environment Agency grants full Horse Hill Permit (3542K)
05 Maggio 2022 - 8:00AM
UK Regulatory
TIDMUKOG
RNS Number : 3542K
UK Oil & Gas PLC
05 May 2022
UK Oil & Gas PLC
("UKOG" or the "Company")
Environment Agency grants full Horse Hill Production Permit
UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce
that the Environment Agency ("EA") has granted UKOG's 85.635% owned
Horse Hill oil field a full Production Permit ("PP"). The PP
enables production and water re-injection operations, incineration
of waste gas, maintenance/workovers and the drilling of further
development wells. To date, production at Horse Hill has operated
under the umbrella of prior testing consents which excluded any
ability to reinject produced saline formation water.
UKOG can now proceed ahead with its plans to convert Horse
Hill-2z into a water injector during 2022, which, if implemented,
would remove the need for costly transportation and disposal of
produced saline formation water at remote third-party sites. The
initial application for the PP was submitted to the EA 31 months
ago on 24 September 2019.
Following the PP grant a review of the viability of reinstating
Kimmeridge production and further new Portland infill drilling
locations are now under way.
Stephen Sanderson UKOG's CEO commented:
" This long-awaited EA permit finally enables UKOG to return
Horse Hill's produced saline formation water back to the
oil-bearing Portland rocks where it originated, lowering operating
costs per barrel, removing HGV tankers from congested roads and
reducing the field's overall carbon footprint. The ability to
reinject makes both environmental and economic good sense."
Qualified Person's Statement
Matt Cartwright, UKOG's Commercial Director, who has 39 years of
relevant experience in the global oil industry, has approved the
information contained in this announcement. Mr Cartwright is a
Chartered Engineer and member of the Society of Petroleum
Engineers.
For further information, please contact:
UK Oil & Gas PLC
Stephen Sanderson / Matt Gormley / Allen Tel: 01483 941493
D Howard
WH Ireland Ltd (Nominated Adviser and
Broker)
James Joyce / Andrew de Andrade Tel: 020 7220 1666
Communications
Brian Alexander Tel: 01483 941493
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END
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