Licence PL199

Whisby oil field

  • Licence PL199 is located in Lincolnshire in the East Midlands Petroleum Province
  • Terrain farmed-in to the PL199 licence in 2015 from Blackland Park Exploration Ltd. Under the terms of the agreement Terrain funded 100% of the costs of a new well (Whisby-6) in exchange for a disproportionate share (initially 85%) of any future production from that well
  • The Whisby-6 well was successfully drilled in 2016 and encountered a good oil-saturated basal sandstone with initial production of 168 barrels of oil per day (of which Terrain receives 85% until it has recovered its drilling costs, reducing to 62.5% until 250,000 barrels in total have been produced, after which it drops to 50%)
  • The Whisby oil field also contains the Whisby-4 well which is currently producing c. 60 bopd

  1. Blackland Park (Operator) – 95%
  2. Terrain Energy - 5%

Terrain Energy

Terrain Energy is developing a portfolio of oil and gas interests based in politically stable countries, with its current focus on the UK. Terrain Energy is seeking to further develop its balanced portfolio of interests with the emphasis on production orientated assets.

News

January 2017
The Whisby-6 well was successfully drilled in 2016 and encountered a good oil-saturated basal sandstone with initial production of 168 barrels of oil per day.....
[ full story ]

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Terrain Energy Limited
104 Park Street
London
W1K 6NF

Phone: +44 (0)20 7518 1714
Email: info@terrain-energy.com

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