Doriemus today revealed its Brockham-1 well in the UK’s Weald Basin contains 282 million barrels of oil per square mile.
The figure was given as part of petrophysical analysis and reservoir intelligence report delivered by US-based firm Nutech.
The Weald Basin well sits approximately 6 miles north west of Gatwick Airport.
Executive chairman David Lenigas said: “The great advantage of the Brockham oil field is that it is already a producing oil field and any new production should be able to be put on line relatively quickly.
“This Nutech work for Doriemus has highlighted that the conventional Portland Sandstones and the Kimmeridge Limestones that were oil productive at the Horse Hill -1 well near Gatwick Airport are indeed evident at the nearby Brockham Oil Field. Doriemus looks forward to participating in the next phase of developing the oil potential of Brockham with the proposed drill of the next side track well designed to penetrate the Portland and the entire Kimmeridge sections of the well.”
Nutech also carried out an assessment of the nearby Horse Hill-1 well, which is located 4.5 miles from the Brockham play. It reported a total of 158 MMBO OIP per square mile last year.
Bill Boykin, Nutech Energy’s EVP Business Development, added: “From the initial NUTECH petrophysical and reservoir analysis, we are excited about the potential of the Brockham oil field. It is early in the assessment with limited data, but we are looking forward to updating the reports as additional information comes in from log/core data from new drills and additional production data from completions.”
Doriemus owns a 10% direct interest in the Brockham Oil Field discovery.
“Doriemus is a partner in the planned Brockham sidetrack and will take advice from Nutech in order to provide input and suggestions to the operator,” a statement concluded.