RE: Wytch Farm comparison8 Jul 2018 14:02
How much % of oil will be recoverable across the Weald......perhaps ultimately, every drop, through hydraulic water injection.....this procedure has been carried out at Wytch Farm ever since the oil reserve went into decline from its peak 110,000bopd, and no doubt was the reason for $200m acquisition of Premier Oil's 33% in September 2017 which equates to $200m for c5000bopd from the c15,000bopd Wytch Farm produces today....which gives a very strong indication of Ukog's potential value with the prospect of so much oil....Ukog have no such plans for hydraulic water injection, but ultimately if it's ok at Wytch Farm then it will be ok else where...home grown energy security is top priority for UK Plc with the North Sea reserves now in serious decline, and with Brexit looming, Theresa and co will be keen to extract as much oil as viably possible. Gla ;-)
The Telegraph 2016
Wytch Farm in Dorset is in the heart of an Area of Outstanding Natural Beauty. But you would be forgiven for not knowing the largest oilfield in western Europe is even there.
Nestled in a pine forest near a nature reserve and on islands off Poole Harbour, the oilfield owned by French company Perenco has been quietly producing thousands of barrels a day since the late 1970s, by means of a form of fracking called 'water injection', also known as 'water flooding'.
At one point the oilfield had the longest horizontal drill in the world and has regularly pumped water into wells to fracture the rock and force out oil and gas.
Academics say that this so-called fracking has been used on 200 wells across the UK over the last 20 years or so.
In contrast, the local community around Wytch Farm appear relaxed about the "discreet" operations happening in the heart of their community.
Tony and Kate Bryan, both retired, from Corfe Castle, the village two miles north of the oilfield, have been on one of the visits to Furzey Island to see the oil refinery in action.
Mr Bryan said occasionally you see a drilling rig poking above the trees or a nodding donkey on the coast but most people do not know it is there.
We have never had any seismic impact that we are aware of and you have to get your oil from somewhere.
It is all very well saying not in my backyard but it has been very well done.
Most of the tourists eating ice creams and wandering around the National Trust castle were unaware that fracking is going on around the corner.
It certainly does not seem to have affected property prices. In Poole, which looks out on the main offshore activities of Perenco, properties go for millions. Purbeck Property, the local estate agents, said the proximity of an oilfield has not had an adverse effect yet.