Union Jack Oil Provides Wressle Update

Source: www.gulfoilandgas.com 6/29/2021, Location: Europe

Union Jack Oil, a UK focused onshore hydrocarbon production, development and exploration company, has provided an update on the planned proppant squeeze operation at the Wressle oilfield development, located in North Lincolnshire, covered by licences PEDL180 and PEDL182.

Located in Lincolnshire in the Humber Basin, PEDL180 and PEDL182 contain the substantial conventional Wressle-1 oil discovery which has proven reserves and significant upside. Union Jack holds a 40% economic interest in these licences.

Union Jack has been advised by the by the Operator, Egdon Resources U.K., that it has been informed by Schlumberger Oilfield UK, the main contractor, that a period of 14 to 28 days could occur before operations can commence at Wressle. The revised timetable is due to the contractor`s equipment being held on a job over-run in continental Europe. This is compounded by tighter import legislation and visa requirements which are beyond the Operator`s and contractor's control.

The contractor has provided assurance to the Operator that this revised timeline will be adhered to.

Executive Chairman of Union Jack Oil plc, David Bramhill, commented:

'We look forward to reporting on progress at Wressle, where oil is currently free-flowing on long term test at an acceptable rate pre-proppant squeeze.

'We are at a pivotal moment in the ongoing development of Wressle and the next step is expected to deliver net oil production to Union Jack of 200 barrels per day and materially improve our cash flow profile and profitability'.


Australia >>  8/17/2022 - The following update on the Dorado development inside Production License WA-64-L and the Pavo pre-development studies within Exploration Permit WA-438...
China >>  8/17/2022 - On August 15, in Erlian Menglin Oilfield, Huabei Oilfield, 20 days after the "ignition" of three gas injection wells, the gas injection pressure, temp...

Norway >>  8/10/2022 - Aker BP (operator) and licence partners Petoro and LOTOS Exploration & Production Norge submitted a plan for development and operation (PDO) for Trell...
Denmark >>  8/3/2022 - Norwegian Energy Company ASA (“Noreco” or the “Company”) has today published an update on the Tyra Redevelopment Project (“Tyra II” or the “Project”) ...

Nigeria >>  8/3/2022 - Sirius, an African focused oil & gas production and development company, is pleased to announce that its JV partner, COPDC, has received the requisite...
United Kingdom >>  7/31/2022 - Ping Petroleum UK has reaffirmed its commitment to develop the Avalon Field, in the Central North Sea, with rejuvenation plans for the Hummingbird FPS...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.