UKOG Energy for Britain

UKOG aims to use its sustainable oil and gas production base as a foundation to advance its UK hydrogen storage business, supporting the delivery of a zero-carbon electricity system by 2030 and the transition to net zero by 2050.

In May 2022, UKOG’s subsidiary, UK Energy Storage Ltd (UKEn), signed a lease agreement with Portland Port Limited for two sites at the former Royal Navy port in Dorset. Subject to obtaining the necessary development consent and financing, UKOG plans to establish an integrated energy hub focused on hydrogen-ready salt cavern gas storage and future green hydrogen generation capabilities. The company has also secured an additional development site in Dorset and is exploring a third opportunity in Yorkshire.

UKOG’s current UK onshore oil and gas portfolio includes direct and indirect interests in five exploration, appraisal, development, and production assets, all located within the Weald Basin of southern England. UKOG holds a majority operating interest in the producing Horse Hill oil field, which is under review following a Supreme Court decision in June 2024 that the planning consent granted by Surrey County Council did not consider the end-use carbon emissions of the produced hydrocarbons. The company plans to work closely with SCC to address this issue promptly.

Additionally, UKOG is reviewing its portfolio in Turkey, which includes a 50% non-operated working interest in the 305 km² M47-b1, b2 licence (the Resan Licence) in southeast Turkey. The company also has non-operating interests in the long-established Horndean and Avington oil fields and holds majority interests in two other UK onshore oil and gas discoveries, including the significant Loxley Portland gas discovery, which is assessed to be the second largest gas accumulation ever discovered and flow tested in the UK onshore. UKOG now has all the necessary planning and environmental permits to proceed with the appraisal of Loxley.

This is UKOG: Energy for Britain

LATEST NEWS

06/08/2024: Stephen Sanderson on hydrogen storage and funding. Click here
05/07/24: UK Energy Overview. Click here
30/06/24: UK Energy Storage: Daily Telegraph article on Dorset hydrogen project. Click here
20/06/24: Statement regarding Horse Hill Supreme Court verdict. Click here
29/05/24: Support from Japanese corporation Sumitomo. Click here
17/05/24: The Times: Green Hydrogen is not just hot air. Click here
06/05/24: Notice of Annual General Meeting. Click here
02/04/24: Annual Reports and Accounts 2023. Click here
23/02/24: Notice of Reconvened General Meeting. Click here
01/02/24: Notice of General Meeting and Capital Reorganisation. Click here
11/09/23: Royal Society Publication on the need for Salt Cavern storage. Click here
31/03/23: Annual Report and Accounts 2022. Click here
24/03/23: CPR on 10% interest in Horndean asset. Click here
21/02/23: Competent Person’s Report by RPS on Loxley gas discovery. Click here
11/01/23: Pinarova-1 potential shallow oil accumulation slides. Click here
25/11/22: Portland Port: White Paper on hydrogen project by Xodus. Click here
12/11/22: The Independent: Behind the curve in Hydrogen storage. Click here
31/10/22: Latest Portland Port Presentation. Click here
30/06/22: VIDEO: Another live oil seep from a second seismic shot hole in Basur, Turkey. Click here
30/06/22: UPDATED: Basur Seismic Presentation. Click here

For more detailed RNS news click here

TV & RADIO

27/02/23: Stephen Sanderson gives progress report on Loxley, Turkey and Portland Port on Core TV. Click here
23/02/23: Steve Sanderson Loxley interview on BBC News Channel. Click here
30/05/22: Steve Sanderson discusses UKOG’s future hydrogen-ready energy storage project at Portland Port in Dorset on Core TV. Click here
16/04/21: Steve Sanderson discusses UKOG’s new strategy on Core TV. Click here
20/01/21: Why Basur-Resan makes sense for UKOG’s future growth. Click here
23/07/20: Stephen Sanderson discusses Turkey project on Core TV. Click here