An update from exploration company Rathlin Energy (UK), which has been involved with the site near Burton Constable Hall for over a decade, indicates there will be “less oil production” than previously thought.
They plan to install a pipeline to deliver natural gas from the site directly to the National Grid.
The news should allay the concerns of residents worried at the prospect of large numbers of HGVs trucking oil from the site. It said securing a local supply of gas is a “much-needed part of the energy mix as the UK seeks to reduce its reliance on foreign gas”.
Union Jack Oil plc (LON:UJO) is an onshore oil and gas exploration company with a focus on drilling, development and investment opportunities in the United Kingdom hydrocarbon sector.