Advertisement

Major gas and oil discovered in Surrey

An exploration firm has announced the discovery of billions of barrels of oil reserves at a site near Gatwick airport.

View all 3 updates ›

Firm makes major Gatwick oil find

An oil rig in the North Sea Credit: Danny Lawson/PA

An exploration firm has announced the discovery of billions of barrels of oil reserves at a site near Gatwick airport.

UK Oil & Gas Investments (UKOG) said drilling of the 55-square mile site at the Weald Basin had discovered 158 million barrels per square mile. Chief executive Stephen Sanderson said the Horse Hill-1 well required appraisal and testing to prove its commercial viability but that it had "the potential for significant daily oil production".

More top news