When the BBC’s energy correspondence John Moylan, announced at 7.03 am on April 9 last year, that there could be 100 billion barrels of oil in the Weald Basin south of London there was uproar.
Not celebration. Not thanks. A kind of un-British scorn, cynicism and disbelief.
The BBC came up with the 100 billion barrel headline for the whole Weald by chatting with Steve Sanderson, and thumbnail sketched the ultimate potential of the Basin by using the Horse Hill numbers extending over a much bigger area.
Wells in the Weald have been producing oil for decades (you’ve probably put some of it in your car). But you’d be forgiven for not noticing – the nodding donkeys are so well hidden it’s like keyhole surgery.
What was different was that our advisers Nutech, the world’s leading reservoir analysts, had conducted state of the art drilling, electronic logging, and detailed analysis using techniques that had simply not been available a generation ago. Nutech are leaders in their field, and one of a handful of authorised companies to hold all the UK onshore drilling data for Her Majesty’s Government.