Petroleum
We hold four petroleum assets in southern England and one in Turkey.
PEDL234: 100% interest
Loxley/Godley Bridge natural gas/hydrogen feedstock appraisal project. Loxley contains a material gas accumulation with a mid-case 2C recoverable volume of 40 billion cu ft (bcf) gross and 31 bcf net UKOG. Full planning and environmental permits are in place for appraisal drilling and testing in 2025. The gas is intended as a feedstock for blue hydrogen production via export into the national transmission pipeline grid.
PL211: 10% interest
Horndean field in stable long-term production.
PEDL137: 85.635% interest
Horse Hill field: following an extensive long term testing period, the field was put into stable commercial production from 2020 onwards, but recently suspended pending planning consent redetermination by Surrey County Council. Expected to resume stable production in 2025.
PEDL070: 5% interest
Avington field: Production currently suspended, with plans for production reinstatement under more favourable economic conditions.
M-47-b1&b2, Resan, Turkey: 50% interest
Basur-Resan oil discovery appraisal project plus further Basur analogue exploration prospects.
