UK Oil & Gas PLC NSTA HH-2z recompletion consent (5325L)
16 Maggio 2022 - 8:01AM
UK Regulatory
TIDMUKOG
RNS Number : 5325L
UK Oil & Gas PLC
16 May 2022
UK Oil & Gas PLC
("UKOG" or the "Company")
NSTA approves conversion of HH-2z into a water reinjector
UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce
that following the Environment Agency's Horse Hill production
consent as announced on 4(th) May 2022, the North Sea Transition
Authority ("NSTA"), formerly the Oil and Gas Authority, has now
granted its formal consent for the recompletion (i.e., conversion)
of Horse Hill-2z into a water reinjection well. The Company holds
an 85.635% operated interest in the Horse Hill oil field and
surrounding PEDL137 licence.
With both the Environment Agency and NSTA permissions in hand,
UKOG can now further expedite its plans for produced saline
formation water reinjection at Horse Hill during 2022, which, if
implemented, would remove the need for costly transportation and
disposal of produced water at distant third-party sites.
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
The information contained within this announcement is deemed to
constitute inside information as stipulated under the retained EU
law version of the Market Abuse Regulation (EU) No. 596/2014 (the
"UK MAR") which is part of UK law by virtue of the European Union
(Withdrawal) Act 2018. The information is disclosed in accordance
with the Company's obligations under Article 17 of the UK MAR. Upon
the publication of this announcement, this inside information is
now considered to be in the public domain.
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END
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