Flying the flag: for the UK
Midmar Energy bags UK double
Midmar Energy is set to crank up its exploration efforts in the UK after winning two new onshore licences in the 13th landward oil and gas licensing round.
Midmar has been awarded a 100% interest in PEDL-230 which lies at the western end of the Weald basin in Hampshire, close to and on trend with, other existing onshore producing fields such as Stockbridge. The future work programme over the block will include reprocessing existing seismic data to confirm the presence of potential structures prior to drilling in a couple of years time.
The UK company has also been awarded a 70% interest in PEDL-248, with the remaining 30% held by MPX. The licence is an appraisal prospect as oil was originally uncovered by previously drilled wells by Gulf Oil and later by Conoco. This acreage also lies on the Weald basin, in Kent, a known producing basin.
“We are excited to have been awarded two further attractive UK licences within the known hydrocarbon producing Weald basin. In current markets, we deem these licences to be extremely attractive and of importance to the UK market in establishing further domestic onshore production,” said Midmar’s managing director Thomas Redman.