Big oil deposit near London airport, but will be hard to tap

April 9, 2015 12:25 PM

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A British energy company says there is oil, and lots of it, near London's Gatwick Airport. The question is how much of it can be pumped from the ground.

UK Oil & Gas Investments PLC says analysis of a new well in the Weald Basin indicates there may be as much as 158 million barrels of oil per square mile in the region. That suggests the entire basin may hold as much as 100 billion barrels of oil, more than 10 times earlier estimates. By comparison, ...

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