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Old 04-09-2015, 05:02 AM   #1
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Liberty 100 billion barrels oil found UK

here could be up to 100 billion barrels of oil under land near Gatwick Airport, a report has revealed.

UK Oil & Gas Investments said the independent report estimated 158 million barrels per square mile could be lying below the site just north of the UK's second-largest airport, much more than first thought.

By comparison the North Sea has produced about 45 billion barrels in 40 years, the BBC reports.

But only a fraction of the oil in the south of England spot - an estimated 3% to 15% - is believed to be accessible.

The report was commissioned by the developer of the Horse Hill-1 well in the Weald Basin.

The site is also near adjacent to one of Europe's largest onshore oil fields at Wytch Farm.
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