2 June 2016
With the recent onshore licensing round attracting 54 commitment wells, the onshore scene is entering a major growth phase. Arenite Petroleum has successfully built an acreage position in the onshore and near shore of the Cleveland Basin. This talk will introduce some of the new HC plays including the hybrid tight gas plays, the Bowland Shale and fractured carbonate plays as a potential resource play. With the UK currently importing 50% of the gas consumed and with this number expected to reach 95% by 2030 the need to prove a strategic resource is becoming critical. The gas play in the Cleveland basin illustrates many of the key features of what the onshore Palaeozoic will hopefully deliver. Another key development is the onshore-to-offshore drilling potential in the UK.