News Energy Major oil find in south of England by UK Oil & Gas

Major oil find in south of England by UK Oil & Gas

UK Oil & Gas (UKOG) have discovered oil, which could yield up to 100 billion barrels, in areas in the south of England.
 
The geological survey that they conducted last year showed that they could get almost 158 million barrels of oil in the Horse Hill region near Gatwick Airport.
 
UKOG said that only a certain portion of the oil found can be extracted for usage.
 
The largest quantities of oil in the southern England are believed to be as deep as 762 to 914 metres.  
 
The company added that the fields in the North Sea have produced about 45 billion barrels of oil since their opening 40 years ago.
 
Source: CNA
 
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