Offshore Isle of Wight licence extension for UKOG
Published by David Bizley,
Senior Editor
Oilfield Technology,
UK Oil & Gas Investments PLC is pleased to announce that the Offshore Isle of Wight licence (P1916, UKOG 77.5% and operator) has been extended for a further year by the Oil & Gas Authority ("OGA", formerly the Department of Energy and Climate Change).
The P1916 initial period of the exploration stage has been extended to 31 January 2017.
The extension provides the Company with the necessary time to finalise drilling plans, and obtain regulatory permissions in order to drill the M prospect, located primarily in P1916, during the licence's initial period for exploration.
Stephen Sanderson, UKOG's CEO commented:
"The licence extension will greatly facilitate our current efforts towards drilling this exciting prospect."
Adapted from a press release by David Bizley
Read the article online at: https://www.oilfieldtechnology.com/exploration/17062015/offshore-isle-of-wight-licence-extension-for-ukog/
You might also like
Union Jack Oil plc sign farm-in agreement with Reach Oil and Gas for the Sark Drilling Project
The agreement is to acquire a 60% working interest (paying 80%) in the Sark well, planned to be drilled early 3Q25, located in Central Oklahoma, US.