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Site works begin at Wressle oilfield

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Oilfield Technology,

Egdon Resources has announced that site works have began at the Wressle oilfield development in North Lincolnshire, UK.

The site's civil contractor has mobilised and the works to reconfigure the Wressle production site have commenced. These works, which represent an important step in the development, will comprise the installation of a new High Density Polyethelene (HDPE) impermeable membrane; French drain system; an approved surface water interceptor; the construction of a purpose-built bund area for storage tanks; a tanker loading plinth and an internal roadway system.

The company remains on track for first oil during 2H20 as previously advised.

Mark Abbott, Managing Director of Egdon Resources plc, said: “We continue to make good progress with the Wressle development, in line with the expected timeline, despite the challenges of the current operating environment. The commencement of the site reconfiguration works represents an important step in the progress to first oil which will increase Egdon’s production by 150 barrels of oil per day. Wressle is economically robust with an estimated project break-even oil price of US$17.62 per barrel.

We maintain our guidance of first oil during H2 2020 and will continue to update stakeholders as works progress.”

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