Angus Energy starts production at London-based Lidsy Oil field, Doriemus says
Angus Energy, a conventional oil and gas production and development company, has begun production at Lidsy Oil Field from well Lidsey-X2, located at the southern edge of the UK’s onshore Weald Basin, in south London, Doriemus announced on Friday.
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According to Doriemus, which owns a 30% direct participating working interest in the Lidsey-X2 production well, initial start-up rates of production from the Great Oolite reservoir are coming in at forty barrels of 38.5 API of dry oil per day.
The Great Oolite is the first of three reservoirs with accredited, potential viability in the well, as announced by Angus Energy on 6 November 2017.
David Lenigas, Doriemus's executive chairman, commented: "We are pleased to see that oil production has now commenced from Lidsey-X2. Even with these initial flow rates, the Lidsey-X2 well provides important commercial oil production and cash flow to Doriemus. We see considerable upside from this well going forward, as the Operator continues to optimise oil production from the Great Oolite reservoir.
"This is an important milestone for Doriemus and we look forward to gradually increasing the oil flows from Lidsey over the coming weeks. We are also looking forward to moving to production from our recently drilled Brockham Oil Field’s side-track soon and also moving towards long term flow testing from our Horse Hill -1 well near London’s Gatwick Airport."