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UK: UK Oil & Gas farms out Horse Hill to Pennpetro Energy

Published: March 28, 2023

UK Oil & Gas (UKOG) has executed a conditional binding term sheet with LSE main board listed Pennpetro Energy whereby Pennpetro will farm-in to the Horse Hill oil field on an incremental production basis via funding the acquisition of 3D seismic and the drilling of the next infill production well.

Source: energy-pedia.com

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United KingdomNorth SeaOceans GeneralStephen SandersonHorse Hill Oil FieldUnited Kingdom Oil GasSea Transition AuthorityHorse Hill Developments LtdPennpetro EnergyFarmout ProgrammeUnited Kingdom OilHorse HillFarmout AgreementNorth Sea Transition AuthorityFarmout CompletionWeald BasinUpper PortlandCompetent Persons ReportContingent ResourceContingent ResourcesE Ampp NewsIl And Gas ExplorationXploration And ProductionNergy PediaEological And Geophysical