article_snippet.sent: Trillions of pounds worth of oil – as much as the entire North Sea fields – lies beneath an area of England dubbed
article_snippet.sent: Analysis suggests there is up to 100billion barrels of the fossil fuel under the Home Counties.
article_snippet.sent: UK Oil & Gas Investments say UK Oil & Gas Investments have discovered 100billion barrels worth of oil reserves in Weald Basin, near Gatwick airport (pictured, the well head at Horse Hill)
article_snippet.sent: Since 1975, of an estimated 100billion barrels of oil in the UK North Sea, only 45billion have been pumped out.
article_snippet.sent: Horse Hill Developments consortium made the discovery during test drilling in a well five miles from Gatwick Airport.
article_snippet.sent: UK Oil & Gas Investments, which has a 30 per cent stake, said ‘cutting-edge’ data suggested the oilfield holds 158million barrels per square mile – equating to 100billion barrels across the basin.
article_snippet.sent: A study by the university suggested a maximum of 40billion barrels in the entire region, while the British Geological Survey estimated the basin held just 4.4billion barrels of shale oil.
article_snippet.sent: The Horse Hill site near Gatwick in Sussex, where a large amount of oil has apparently been found .
article_snippet.sent: Drilling: Exploratory wells have found that the ground contains 158million barrels per square mile .
article_snippet.sent: The Horse Hill site near Gatwick in Sussex, where a large amount of oil has apparently been found is owned by a number of companies including UK Oil & Gas Investments .
article_snippet.sent: There might be 100billion barrels of oil beneath the Home Counties – but residents living above the Home Counties –