According to the British Geological Survey a little over 4 billion barrels of oil have been discovered beneath Kent and Hampshire. Though estimates say that only 10% of it might actually be recoverable.
Official analysis by British Geological Survey
Geologists of the British Geological Survey say that roughly 220 million barrels of it could be recovered, which is equivalent to only 0.5% of the total oil re-coverage from the North Sea in recent years.
Last week several ministers have explained not be dissapointed by the discovery and are even making plans to start test-drills around the the hills of Kent.
At the moment the whole of Britain consumes roughly 500 million barrels of oil each year. According to Robert Gatliff, director of Energy and Marine Geoscience at the BGS the current numbers are ‘nothing more than mere estimates and more drilling and testing has to be done before we can say any more’
The government has already announced plans to ask large land owners to allow energy firms to drill on their land if the oil is every going to be recovered in large amounts.