KEYFACT Energy
UK Oil & Gas today announced that the North Sea Transition Authority has granted a one-year extension to the PEDL137 Retention Area Work Programme ("RAWP") containing the Company's Horse Hill producing oil field (UKOG 85.635% effective interest).
The RAWP now extends to 30th September 2025 and fully corresponds to the farmin programme agreed with Pennpetro Energy Plc, comprising one new production well, HH-3, plus a 12 km² 3D seismic survey (see RNS of 28 March and 11 December 2023). Seismic acquisition is currently targeted to commence in H1 2024.
KeyFacts Energy: UK Oil & Gas UK country profile