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.
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