UKOG Granted One-year Work Programme Extension on PEDL137 Horse Hill

Source: www.gulfoilandgas.com 5/13/2022, Location: Europe

UK Oil & Gas PLC has announced that the North Sea Transition Authority (formerly the Oil and Gas Authority) has granted a one-year extension to the agreed Retention Area work programme of the Company's operated PEDL137 licence (UKOG 85.635%) containing the producing Horse Hill oil field and its underlying Kimmeridge oil pool.

The extension grants an additional year in which to drill a second Horse Hill Kimmeridge well, with the commencement of drilling to be prior to 30th September 2023.


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