Huge oil find under village in West Sussex
Friday 07 January 2011
Residents of a small village in West Sussex have been told they are sitting on a £345m oil reserve.
Northern Petroleum has been carrying out exploratory drilling close to the village of Forestside and has discovered estimated reserves of six million barrels of oil. A "nodding donkey" pump is now likely to be installed to extract the oil, though there are concerns about the potential damage that could be done to the environment.
Oil has long been suspected to be lying below the Markhams Wood site and some estimates have suggested there could be up to half a billion pounds worth there.
Derek Musgrove, managing director of Northern Petroleum, said: "It's encouraging. The good thing is, we've managed to drill it without great impact on the local community."
Sandy Parker, 59, a resident of the village, said: "We should have bought shares. I'm just glad for them. They've put a lot of effort into it."
- 2 Dutch King Willem-Alexander declares the end of the welfare state
- 3 A-level results 2015: UK exam board OCR admits it 'estimates' hundreds of pupils' grades after papers 'go missing'
- 4 Giant Minion terrorises drivers in Ireland as 40ft inflatable blocks busy Dublin road
- 5 'Cool kids' can go on to become losers in later life, study finds
Sabrina Corgatelli: US hunting tourist posts picture of herself with dead giraffe after Cecil the lion outrage
'Gene drive': Scientists sound alarm over supercharged GM organisms which could spread in the wild and cause environmental disasters
Edward Heath 'child sex abuse' allegation: Investigation to be held into Wiltshire police handling of alleged claim in the 1990s
Labour leadership race: Jeremy Corbyn could be the next Prime Minister, says Ken Clarke
A-level results 2015: UK exam board OCR admits it 'estimates' hundreds of pupils' grades after papers 'go missing'
Is Britain really full up? Are migrants taking our jobs? Leading academic answers the most common anti-immigration claims
Calais Migrant Crisis: Deputy Mayor of Calais labels Cameron's use of 'swarm' as 'racist' and 'ignorant'
Chris Leslie: Jeremy Corbyn's anti-austerity agenda will harm the poor, says Labour shadow Chancellor
Landlords renting properties to illegal immigrants to face up to five years in prison
While we fixate on Calais, the Home Office is quietly deporting dozens of migrants on 'ghost flights'
Calais crisis: The seven claims made about the migrants - and the reality
£20,781 to £24,057 per annum: East15 Acting School: The post involves general ...
£28000 - £32000 per annum: Recruitment Genius: ACS qualified Domestic Gas Brea...
£16250 per annum: Recruitment Genius: A Product Packager / Stock Assistant is ...
£22000 - £25000 per annum: Recruitment Genius: This Garden Centre complex base...