The operator of the Wressle oil well in North Lincolnshire said initial production exceeded 884 barrels of oil per day (bopd).
Egdon Resources said production from the well had generated revenues of more than £300,000 for the company since 19 August 2021.
The figures, released in a statement to investors, said the well also produced 480,000 cubic feet of gas, the equivalent of 80 barrels of oil per day. No formation water was seen.
The company’s managing director, Mark Abbott, said:
“The well has already begun to yield a material revenue stream which will transform the financial position of Egdon in the coming period.
“This production rate means that Wressle is currently the second biggest field in terms of daily production in the onshore UK after Wytch Farm, and we are confident that the well has more to give in the coming period.”
The company said the full potential of the well remained to be tested because of constraints experienced with gas handling equipment.
The statement said:
“The forward plan is to remove these constraints to production and complete the testing of the well’s potential before defining a plateau production rate matching the well behaviour to the installed facilities, long term operational objectives and prudent reservoir management.”
Gas produced at Wressle could be used to generate electricity following a revision to the environmental permit, Egdon said. Gas has been flared during production testing.
Biscathorpe: Egdon also said it expected its planning application for a new side-track and oil production at Biscathorpe in Lincolnshire would be decided in November.
Waddock Cross: Modelling of the shut-in Waddock Cross oil field in Dorset indicated that it could yield commercial oil production of 500-800 bopd, Egdon said. A final decision on redevelopment of the field is expected by the end of 2021.
Keddington: A side-track could be drilled in 2022 to produce an estimated 567,000 barrels of oil from the field in Lincolnshire, Egdon said.
Dukes Wood: Egdon said it had planned to plug and abandon the Dukes Wood-1 oil well and recomplete it for geothermal heat production. The work would begin in January-March 2022 if it got regulatory approval.