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UKOG is planning on drilling more exploration wells

UK Oil & Gas, Doriemus, Solo Oil, Angus Energy

UKOG is planning on drilling more exploration wells

Post Thu Jun 11, 2015 10:48 am

Even more oil is under Crawley than previously thought

HERE could be about 70 per cent more oil close to Gatwick Airport than initially thought, a new report has revealed.

UK Oil and Gas Investments (UKOG), who drilled for oil at Horse Hill, just north of Hookwood, announced analysis of its well showed 158 million barrels of oil per square mile could be under the ground in April.

This figure has now been increased to potentially 271 million barrels of oil per square mile.

Schlumberger, a company which supplies technology to the gas and oil industry, has produced a new report after carrying out its own analysis of the well.

n April, UKOG said it believed between three and 15 per cent of the oil could be recovered.

This estimate has not changed.

UKOG is planning on drilling more exploration wells and conducting tests to work out a more precise figure for how much of the oil could be recoverable.

However, campaigners have raised concerns at the prospect.

Brenda Pollack, a Friends of the Earth campaigner, said: "This announcement isn't something to celebrate.

"The hype created by this company is good for their share price but not for local people.

"We need the Government to stop giving tax breaks to the dinosaur oil and gas industry.

"Oil extraction is deeply unpopular, local people are rightly concerned about more lorries, air and water pollution, noisy drilling and disruption to village life.

"Industrialising rural areas isn't something we support.

"Sussex and Surrey have huge potential to create a clean energy future, through ramping up renewable energy projects.

"Oil is a fossil fuel which should be left in the ground if the UK is to prevent climate change getting worse.

"UKOG's main interest is raising profits with little concern for residents or the climate."
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