Located in Lincolnshire on the Western margin of the Humber Basin, PEDL180 and PEDL182 contain the substantial Wressle conventional oil discovery with proven reserves and significant upside from contingent resources, from which first commercial oil is expected to flow at a constrained rate of 500 bpd following successful planning approval.
David Bramhill, Executive Chairman of Union Jack Oil plc, commented: "The Board of Union Jack is delighted with this positive outcome.The operator will, on behalf of the Joint Venture partners, begin work on discharging the planning conditions and detailed planning for development of the Wressle Oil Field.Shareholders and the local community will be informed of developments in due course."
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/17012020/planning-consent-for-development-of-wressle-oilfield-granted/
You might also like
By implementing the company’s CwD services, Hunt Oil reduced the number of runs required, with a saving on time and cost.