Schlumberger Estimates 271 Million Barrels of Oil per Square Mile at HH-1

UK Oil & Gas Investments (UKOG) announced Friday that Schlumberger has estimated the gross overall oil in place (OIP) for the Jurassic section of the Horse Hill-1 well in the UK to be approximately 271 million barrels of oil per square mile.

A total of 255 million barrels gross OIP lies within the tight limestone and mudstone plays of the Kimmeridge, Oxford Clay and Lias, according to Schlumberger. Earlier this year, US petrophysical analysis firm Nutech estimated that the Horse Hill-1 well near Gatwick Airport contained a total oil in place value of 158 million barrels per square mile.

Solo Oil Chairman Neil Ritson commented in a company statement:

"We are pleased to note that Schlumberger, using their own proprietary techniques, has confirmed the order of magnitude of the earlier work conducted by Nutech.  Taken together these independent estimates continue to suggest a significant oil potential in the unconventional Jurassic sequence in the Horse Hill area and may have wider significance in the Weald Basin generally."

Solo owns a 10 percent interest in Horse Hill Developments Ltd, which owns a 65 percent participating interest and operatorship of onshore licences PEDL137 and the adjacent licence PEDL 246 in the UK Weald Basin. Solo has a net 6.5 percent interest in PEDL137 and PEDL246.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
John Benton | Jun. 5, 2015
This sure beats that little field in the Mid-Lands that was spudded in the same day that Chamberlin returned from Berlin.

B | Jun. 5, 2015
Would be nice to know how many square miles each of the plays have.

Justin S | Jun. 5, 2015
Wow, thats about equal to 54 feet of oil


Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Scottish Government Reveals New Subsea... (Jan 20)
 -  SOFF Secures Services Contract for Jan... (Jan 20)
 -  NPD Grants Lundin Permit for Appraisal... (Jan 20)
 -  Lion: AMT-1 Well Abandoned After Stuck... (Jan 20)
 -  Unite: Workers 'Deeply Unhappy' About ... (Jan 20)


Most Popular Articles

From the Career Center
Jobs that may interest you
Geologist
Expertise: Geologist
Location: St. Louis, MO
 
Mudlogger / Wellsite Geologist
Expertise: Geologist|Mud Logging
Location: Midland, TX
 
Entry Level Geologist
Expertise: Geologist
Location: Blue Bell, PA
 
search for more jobs

Brent Crude Oil : $55.49/BBL 2.45%
Light Crude Oil : $52.42/BBL 2.04%
Natural Gas : $3.2/MMBtu 5.04%
Updated in last 24 hours