Asset Report
Weald Basin shale oil unconventional concept play
Report summary
In November 2014, the Horse Hill discovery was made by Horse Hill Developments and Magellan Petroleum. The well discovered oil in the upper Jurassic reservoir. There have been a number of studies in the potential oil in place in the eight licences areas within the Weald Basin. These suggest up to 15.7 billion barrels of oil could be in place. In December 2015, UK Members of Parliament voted to allow hydraulic fracturing to take place at depths greater than 1,200 metres beneath national parks, World Heritage Sites and areas of outstanding natural beauty. This is particularly relevant in the Weald Basin with the New Forest and South Downs national parks covering part of the basin. Subsequently in November 2019, the government imposed a moratorium on hydraulic fracturing in England.
Table of contents
- The opportunity
- Horse Hill
- Other fields
- Fiscal terms
- Licensing
Tables and charts
This report includes 1 images and tables including:
- Weald Basin play map
What's included
This report contains:
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