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3 May 2013
Celtique Energie Weald Ltd. (“Celtique Energie”), a British oil and gas exploration company, along with its joint venture investment partner Magellan Petroleum (UK) has today announced that it intends to consult with members of the public on plans for a well site in the south of England.
The company, based in London, was awarded four licenses by the Department of Energy and Climate Change in 2008 to explore for oil or gas in the Weald Basin: a large geological formation stretching from Hampshire to Kent that has proven hydrocarbon reserves exploited in surrounding areas and located several thousand feet below its surface.
After reviewing previous data of the region and undertaking its own seismic surveys, Celtique Energie is proposing to construct a temporary well site on a remote and well screened piece of land north-west of Wisborough Green, West Sussex. The exploratory well would enable the company to test for the presence of commercially viable oil or gas reserves in the area.
Today’s announcement follows the decision by West Sussex County Council in February 2013 to approve Celtique Energie’s first exploratory well site in the UK near the village of Broadford Bridge, south of Billingshurst.
Geoff Davies, Chief Executive Officer at Celtique Energie said:
“We are looking forward to meeting with the local community to present our proposals and explain how the process of exploratory drilling works. The Weald has a long history of onshore oil and gas exploration and production, and we are confident that significant reserves still remain untapped in the region today that could make a contribution to the UK’s energy supply.
“We are proposing to undertake initial exploratory drilling on a remote and well screened area of land north-west of Wisborough Green to confirm whether commercially viable levels of oil are gas are present. This would involve tried and tested methods of exploration that have been used in the UK for decades, in many surrounding fields.
“We take our responsibilities as an exploration company seriously, and we will be taking all precautions to ensure that our operations have a minimal impact on the environment and the local community.”