Licence number: PEDL070
UKOG interest: 5%

The Avington oil field is located in Hampshire, close to the Stockbridge oil field. It was discovered in 1987 and commenced production in 2007. The operator is IGas Energy. UKOG acquired its 5% interest from Northern Petroleum in 2014. It is a conventional field producing from the Jurassic Great Oolite limestone reservoir.

A total of five wells and sidetracks have been drilled. The light oil production (38 degrees API) is from two wells, with produced water transported to Stockbridge for treatment and disposal. Oil is exported by road tanker to Stockbridge.

Avington production peaked in 2007 at over 600 bbl/d. Current production is around 60 bbl/d (3 bbl/d net to UKOG).

By July 2014, 221,000 bbl of oil had been produced. Gross and UKOG net reserves are shown in the table below, with an effective date of 1 January 2014.

Estimated Avington Reserves (Source: Senergy CPR July 2014)

MMbbl
(at 1 January 2014)

Gross

Net Attributable (5%)

Operator

1P

2P

3P

1P

2P

3P

Oil Reserves

0.040

0.063

0.125

0.0020

0.00315

0.00625

IGas

UKOG believes there is upside potential at Avington from reducing operating costs.