Skip to main content

Union Jack Oil expects first oil from Wressle in 2H20

Published by
Oilfield Technology,


Union Jack Oil has announced that the Wressle oil discovery in Lincolnshire, UK, is due to produce first commercial oil during 2H20, where it is expected to flow at a constrained rate of 500 bpd gross.

Furthermore, Union Jack Oil is pleased to report that the that a gross sum of £403 000 has been received by the JOA Partners from the North Lincolnshire Council (NLC). These monies will be divided between the partners, proportionate to their interests.

Following NLC approval of the installation plan and discharge of the associated planning condition, the company has now completed the installation of four groundwater monitoring boreholes on the Wressle site.

David Bramhill, Executive Chairman of Union Jack commented: “Excellent progress is being made in respect of the development process at Wressle leading to “first oil”, expected during 2H20. The project remains economically robust with an estimated break-even oil price of US$17.62 per barrel.”

Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/13052020/union-jack-oil-expects-first-oil-from-wressle-in-2h20/

You might also like

Strohm delivers deep-water TCP Jumper in Guyana

ExxonMobil affiliate Esso Exploration & Production Guyana Ltd is set to install a subsea water alternating gas (WAG) jumper made from Strohm’s Thermoplastic Composite Pipe (TCP) on the Liza Phase 2 project in Guyana.

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Upstream news Upstream project news Oil & gas news