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In 2008, Celtique Energie Weald Ltd and its joint venture investment partner – Magellan Petroleum (UK) Ltd - were awarded three PEDL licenses in southern England’s Central Weald area from the Department of Energy and Climate Change (DECC) – PEDL 231, PEDL 234 and PEDL 243. All licences are valid for an initial six year term. This was part of the Government’s 13th onshore licensing round. The licences were extended to June 2016 through a Deed of Variation.
Name |
Eqty |
Holder |
Operator |
Partner |
Awarded |
Expiry |
Gross |
Net |
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PEDL 231 |
50 |
CEWL |
Celtique |
Magellan |
1 Jul 08 |
1 Jul 16 |
400.0 |
200.0 |
PEDL 234 |
50 |
CEWL |
Celtique |
Magellan |
1 Jul 08 |
1 Jul 16 |
300.0 |
150.0 |
PEDL 243 |
50 |
CEWL |
Celtique |
Magellan |
1 Jul 08 |
1 Jul 16 |
300.0 |
150.0 |
Gross: 1,000.0km2
Net: 500.0km2
CEWL = Celtique Energie Weald Ltd
Magellan = Magellan Petroleum (UK) Ltd
Our license areas in the Central Weald basin, PEDL 231, 234 and 243 encompass about 1,000 sq km from Liphook and Petersfield in the west to Copthorne, Horsham and West Grinstead in the east.
Sussex has a long history of oil and gas exploration and production and detailed geological and seismic studies have indicated that there may be significant untapped reserves of gas or oil in the area, which could make an important contribution to the UK’s energy supply.
DECC licenses only give us permission to explore within a fixed license area. We must apply to the appropriate Mineral Planning Authority (the County Council) to undertake any exploratory drilling.
Subject to planning and regulatory approval, the first three Weald well sites will explore for resources held in ‘conventional’ rock formations, however, the proposed well sites at Wisborough Green and Fernhurst will also acquire data from the Kimmeridge and Liassic shales to evaluate the shale as a potential resource.