UK Oil & Gas Investments PLC (UKOG) has interests, held directly or indirectly, in a portfolio of 10 UK oil and gas assets held under Petroleum Exploration and Production Licences (“PEDL”) granted by the UK Government. One licence (P1916) is offshore, all other assets are onshore.
UKOG’s portfolio comprises:
two onshore oil-producing fields, which generate cash for UKOG
four appraisal/development licences (two with additional exploration potential)
UKOG’s assets are primarily located in the Weald Basin, in southern England, where there is a longstanding track-record of low impact well construction and production operations. Drilling activities in the Weald have taken place for over 100 years with over 170 wells drilled to date. Peak activity occurred in 1986 when 26 wells were drilled in the Weald.
UKOG’s portfolio has a good balance of low risk, stable production and conventional development assets, together with higher risk higher reward exploration and tight oil development assets offering further upside potential.
Summary of UKOG Assets Cick hereto download an up to date list of assets. (Updated July 2017)