Xodus Report Reveals 'Significant' Volume Increase at PEDL 137, Horse Hill

A new report from Xodus Group has revealed a “significant” volume increase in the gross PEDL 137 Upper Portland area, which contains the Horse Hill-1 oil discovery.

STOIIP (stock tank oil initially in place) volumes were estimated by Xodus to range from lows of 21.5 to highs of 47.4 with a best of 32.2 and a mean of 33.5. These represent a P50 increase of around 50 percent compared to volumes calculated in a previous assessment in May 2015.

In March 2016 UK Oil & Gas Investment plc reported that the Horse Hill-1 onshore discovery in southern England showed “North Sea –like” oil flows.

The well, located near Gatwick Airport in the UK’s Weald Basin, flowed oil at a stable rate of 323 barrels per day in a production test, bringing the final total aggregate stable dry oil flow rate from two Kimmeridge limestones plus the overlying Portland sandstone at the well to 1,688 barrels of oil per day.



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.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  What Kind of Salary Can You Get as an ... (Aug 18)
 -  Shell Divests Stake in Saudi JV (Aug 16)
 -  Saipem to Build Pipelines for Kuwait R... (Aug 16)
 -  The Trick to Nailing Your Electrical E... (Aug 10)
 -  Jacobs Expands MSA for Chevron's US Re... (Aug 9)


Most Popular Articles

From the Career Center
Jobs that may interest you
Senior Accountant
Expertise: Accounting
Location: Anderson, TX
 
United States Midland: Account Rep, Bus Dev
Expertise: Business Development|Marketing|Sales
Location: Midland, TX
 
Key Financial Consultant Job
Expertise: Accounting|Financial Analyst|Legal
Location: Minneapolis, MN
 
search for more jobs

Brent Crude Oil : $52.72/BBL 3.31%
Light Crude Oil : $48.51/BBL 3.01%
Natural Gas : $2.89/MMBtu 1.36%
Updated in last 24 hours