How important is the ‘significant discovery’ of oil at Horse Hill

Published by Iain Poole on

Wednesday 8 and Thursday, 9 April were unusually interesting for the UK Oil and Gas industry.

On Wednesday, Shell announced the success of their bid to acquire BG Group, and on Thursday UK Oil & Gas Investments PLC (UKOG) announced ‘discovery’ of reserves of 158 million barrels of oil per square mile under their shared licence area at Horse Hill near Gatwick Airport.