18 Jun New onshore gas find is potentially the UK’s largest
Junior oil and gas explorer Reabold Resources has discovered what could be the UK’s largest onshore gas field, if preliminary data is accurate.
The West Newton gas field, located near the city of Hull in Northeast England, could be the largest onshore hydrocarbon discovery made in the UK since 1973, after an initial report gave a best estimate contingent resource of 189 billion cubic feet (Bcf) of gas equivalent.
However, the London-listed company noted that all data is subject to confirmation from the well test, which is set to take place in the third quarter of 2019.
Reabold’s co-chief executive Sachin Oza said: “We are delighted by today’s results confirming that West Newton could potentially be the UK’s largest onshore gas field.
“The results of the well have exceeded our expectations and have also shown a significant liquid hydrocarbon volume which has increased our excitement and the future value of the field materially.
“From its onshore location near Hull and with nearby infrastructure available, we anticipate that West Newton can provide material volumes of hydrocarbons for the UK’s energy needs at low cost and in the near term.”