- has released results from a pressure build-up survey, at the Weald Basin in the Horse Hill oil field, reporting findings are better than expected.
- Production of barrels of oil per day are reported as stable but are below previously recorded numbers.
- The company has set out the production for two more wells at Horse Hill in the coming months.
UK gas and oil company, Doriemus says it is satisfied with the results from the pressure build-up survey of the Horse Hill discovery Well, claiming it is “better than expected”.
This follows results showing no reservoir pressure depletion, which was an identified issue when the same style of the survey was conducted in April. Following these results, Doriemus says it will investigate the possibility of ‘positive impact on connected oil.’
The company has exceeded the production of 20,500 barrels out of its Weald Basin at the Horse Hill oil field. The well is producing 220 barrels of oil per day, following a pressure build-up survey, which the company stating the project as “stable”. However, the well has previously recorded the production of 362 barrels of oil per day.
According to Doriemus, contracts are being finalised for upcoming drilling at Horse Hill. The new drilling campaigns will see a number of well testing and horizontal drilling operations in the area run at the same time.
Chairman at Doriemus, David Lenigas said he predicts a strong year “for the Horse Hill discovery with two prime production wells planned over the coming months.”
Doriemus has a four per cent interest in Horse Hill Developments Limited, who own 65 per cent of the two UK onshore petroleum exploration and development licenses. Horse Hill is located north of Gatwick Airport, London.