article_snippet.sent: The potential goldmine in Weald Basin, across Surrey, Sussex, Hampshire and Kent, could meet up to a third of Britain’s oil demand within 15 years, according to the consortium exploring the area.
article_snippet.sent: A map showing the location of the oil and gas deposits within the Weald Basin, which are thought to lie at between 2,500ft and 3,000ft below the ground .
article_snippet.sent: This could reduce reliance on oil from the Middle East and Russia and could be a major boost for British industry at a time when the North Sea supply is dwindling.
article_snippet.sent: Stephen Sanderson of UKOG, which insisted it would not use fracking, said: ‘By 2030, Stephen Sanderson of UKOG, which insisted it would not use fracking could produce 10 per cent to 30 per cent of the UK’s oil demand from within the Weald area.
article_snippet.sent: UKOG chairman David Lenigas said drilling in the Weald could create ‘many thousands’ of jobs.
article_snippet.sent: A Department of Energy & Climate Change spokesman said: ‘The Government welcomes any new information which expands our understanding of the potential of the Weald Basin.
article_snippet.sent: The Weald Basin, of which Horse Hill is part, could contain a total of 100billion barrels .
highlights_snippet.sent: Weald Basin estimated to contain 100billion barrels of oil, new report says .
  