The application seeks permission from the Isle of Wight Council for the construction, operation and decommissioning of a well site at Arreton for the exploration and appraisal of hydrocarbon minerals.
Work is set to take place at a borehole known as Arreton-3 and 1 side-track borehole (Arreton-3z) for a temporary period of 3 years, which involves the siting of plant and equipment, the construction of a new access track, a new junction with the main Newport to Sandown road, the erection of boundary fencing, entrance gates and other ancillary development with restoration to agriculture.
UKOG says it has spent considerable time and undertaken much research to minimise the potential noise and visual impact of the site, which will be largely screened from public view. The oil discovery site will be situated off of Blackwater Road under St George’s Down.
As reported in the Company’s July 2018 AIM admission document, the Arreton conventional oil discovery, a geological analogue of the Company’s Horse Hill oil field (UKOG net 85.635%), contains three stacked Jurassic oil pools containing a third party (Xodus) calculated aggregate gross P50 oil in place of
It is thought that some 127 million barrels of oil are contained within 3 stacked Jurassic oil pools.
Council officials will now consult with statutory consultees, but the 5-week public consultation will be delayed until planning legislation is changed, or the lockdown is eased.