Horse Hill License Extensions Secured
Horse Hill Developments Limited, operator of the Horse Hill-1 well, revealed Tuesday that the Horse Hill licenses PEDL137 and PEDL246 have been granted extensions.
The licenses have been converted to the license terms used in the recent 14th Licensing Round, which will permit them to continue without further relinquishment. A Retention Area covering the entire 55 square mile license area and an outline work program has been agreed with the Oil and Gas Authority.
The Horse-Hill Licenses will continue throughout the agreed work program period currently set at 2 years for PEDL137 and 1 year for PEDL246. The work program includes further long-term production testing of three Kimmeridge Limestone zones and the overlying Portland Sandstone, two further appraisal or development wells and 3D seismic.
"We are pleased that the operator has agreed with the OGA to adopt the 14th Round license terms and that the entire license area will be retained during the ongoing appraisal of the Horse Hill-1 discovery, which tested at such exciting flow rates earlier this year," said Solo Oil Chairman Neil Ritson.
Solo owns a 6.5 percent interest in the HH License which is located on the north side of the UK Weald Basin close to Gatwick airport.
WHAT DO YOU THINK?
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.
- Shell Looking for TikTok Expert
- Market Says Boo! To OPEC+
- Calgary Stampede Returns With Oil Boom Vibe
- Earthstone in $627MM Delaware Basin Deal
- Bureau Veritas Gets Services Deal On Shell UK Facilities
- Libya Crude Oil Exports Drop Sharply
- Major Licensing Rounds Coming Up In MSGBC Region
- TGS Begins First Multi-Client Offshore Wind Measurement Campaign
- Veolia Picks StaySafe For Solo Workers In Remote Locations
- Permian Highway Pipeline in Expansion Project FID
- USA Condemns Mortar Attacks on IKR Oil Infrastructure
- Sonatrach Makes Massive Gas Find In Sahara Desert
- Libya Says It May Suspend Oil Exports from Key Terminals
- Who Produced the Most Oil and Gas in 2021?
- G7 Weighs Russia Oil Price Cap
- Oil Prices Buck Recession Trend
- First-Ever 8th Gen Drilling Juggernaut Delivered To Transocean
- Exxon, Shell, CNOOC To Develop CCS Project In China
- More Oil Workers Being Trained to Operate in Permian
- Guinea-Conakry Hoping To Unlock O&G Potential With 22 Block Tender
- USA Navy and Iran Corps Clash in Strait of Hormuz
- Oil Industry Responds to Biden Letter
- Top Headlines: USA Navy and Iran Corps Clash in Strait of Hormuz and More
- Oil Nosedives on Fed Inflation Actions
- Top Headlines: Oil Industry Responds to Biden Letter and More
- Too Early To Speculate on ExxonMobil Refinery Fire Cause
- Fitch Solutions Reveals Latest Oil Price Forecast
- ExxonMobil Made More Money Than God This Year
- Russian Oil Disappears as Tankers Go Dark
- OPEC+ Set to Remove All Production Curbs in August