News listings
Bayphase Oct 2017

energy-pedia development and production

United Kingdom flagUnited Kingdom

Europe / Caspian / CIS >>> United Kingdom

UK: Angus Energy commences drilling at Lidsey-X2


13 Sep 2017

Photo - see caption

Angus Energy has announced that following its announcement of 8 September 2017, the drilling of Lidsey-X2 has now commenced at the Lidsey oil field near Bognor Regis.  

Lidsey-X2 is a conventional production well targeting the existing Great Oolite Reservoir. The existing production well Lidsey-X1 has been temporarily suspended due to the site preparation works required for the drilling of Lidsey-X2.  Design options are currently under consideration to either convert the LidseyX1 into a water injector or perform production from the Kimmeridge. No decision will be made until a full analysis of the Lidsey-X2 drilling results are complete.   

The Lidsey-X2 is expected to pass through the Kimmeridge formation enabling Angus Energy to assess its potential at the southern edge of the Weald Basin. The formation will be logged thoroughly as part of the drilling process.  

The Company’s operational guidance from 8 Sept 2017 is unchanged. The current works have an expected operating window of approximately six weeks before actual production from the Lidsey-X2 horizontal well commences.   

Interest in Lidsey Oil Field (PL 241):

Following the acquisition of a 10% interest from Terrain Energy (see RNS 4 May 2017) the Group will own a 60% direct interest in the Lidsey Oil Field and a 50% economic interest in the Lidsey-X2 well which is held under UK Production Licence PL 241.  

Paul Vonk, Angus Energy’s Managing Director, commented:

'The Lidsey-X2 production well aligns with our business plan of providing long term, cost efficient, low geological risk, conventional oil production.  We remain focused on providing value to our shareholders and look forward to re-commencing production from the Lidsey oil field.'

Photo - see caption

Original article link

Source: Angus Energy





Bookmark and Share


A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.


Publicly Available Deals

See all deals...

Subscriber Only Deals

Current deals: 1658
Completed deals: 4717

Company Profiles

Current Company Profiles: 2531

Corporate Activity

Current Corporate Activity articles: 2961

Companies Looking

Current number of articles: 417

Company Sales

Current Company Sales articles:1189

Geostudies

Current Geostudies articles: 530

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...


energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...



energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...

Subscribe

Subscribe to the FREE
energy-pedia Daily Newsletter
Subscribe

Bayphase
Lynx Information Systems
count geophysics
energy365
Rose & Assocs 149
SLR Consulting logo
KL Publishing
OPC
Government of South Australia
Union Jack Oil 149
EP Consult Energies
RSK Logo 149
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans
UNITED KINGDOM

Tel: +44(0)1727 822675

Email: info@energy-pedia.com