Hardstoft – The East Midlands

 

Licence	PEDL299
Europa interest	25% (conventional prospectivity only)
Partners	INEOS 50% (operator), Upland 25%
Area km2	85.1
Basin	East Midlands
Play	Dinantian limestone (conventional)
Term	Initial

 

This is a one block (SK46c) licence located west of Mansfield, Derbyshire.

PEDL299 contains the Hardstoft oilfield. This was discovered in 1919 by the UK’s first ever exploration well and produced 26,000 barrels of oil from Carboniferous limestone reservoir. A CPR on Hardstoft, issued by joint venture partner Upland Resources, identified gross 2C contingent resources of 3.1 mmboe and gross 3C contingent resources of 18.5 mmboe in PEDL299. Production testing methodologies for carbonate reservoirs have evolved since 1919, which has the potential to allow commercial oil flowrates to be obtained.

INEOS has all the rights and obligations relating to unconventional oil and gas plays (‘shale gas’ and ‘shale oil’).