The operator of the Wressle oil well in North Lincolnshire has said production could reach 1,543 barrels per day.
In a statement to investors, Egdon Resources said analysis of downhole pressure data indicated the “significant potential” of the Wressle-1 well.
The results could be achieved “once surface facilities are optimised and gas utilisation scheme is in place”, Egdon said.
The well, near Scunthorpe, is still being tested and flow rates were reported in September 2021 at more than 884 barrels of oil per day (bopd).
The statement is based on analysis by the consultancy ERCE.
It estimated a flow rate of 1,216 bopd, based on current reservoir pressure, flowing tubing head pressure of 400 pounds per square inch gauge (psig) and maintaining a flow bottom hole pressure above oil saturation pressure.
The consultancy estimated a flow rate of 1,543 bopd at 300 psig at oil saturation pressure.
Egdon has planning permission to store 2,000 barrels of oil at Wressle.
The statement also reported on the proppant squeeze, a low-volume hydraulic fracture, carried out in July 2021. This reduced the impairment of oil flow caused by well operations (the skin factor) from 107 to 0.2, ERCE estimated.
It also predicted the reservoir permeability of the Ashover Grit formation at 80 millidarcies.
Mark Abbott, managing director of Egdon, said:
“We continue to work to realise the full commercial potential of the Wressle field.
“This will be achieved through optimising the production facilities, progressing options for gas monetisation and advancing the development plan for production from the Wingfield Flags and Penistone Flags reservoirs.
“In the meantime, the asset continues to generate material cash flow that has transformed the Company’s financial outlook.”
Good job that financial outlook has been transformed. Should help to repay some of that £400k willfully extracted from the locals priorities, in an attempt to try and prevent transfer of production to a more local source.
Will be interesting to see how the utilisation of the gas proceeds, and whether such can be economic on this type of site. Would suspect so with current energy prices, but time will tell.
Approved utilisation of the gas must proceed if the operator wishes to develop production further from the Wingfield Flags and Penistone Flags reservoirs.
The EA controls and limit in place on gas flaring and emissions to air at the site, have a major influence on how much oil can be produced.
More gas required:
“The UK government has refused permission for a £1.2bn electricity link between England and France.
Aquind Ltd wanted to lay cables through Portsmouth, Hampshire, to Normandy.”
This was to be 2GW which is urgently required to back up renewables.
The French rather blew their credibility as a secure energy supplier with their games regarding the Channel Islands, Paul.
Energy security has always been an issue. It now looks as if it is becoming even more of a priority.
Meanwhile, the gas shipments are arriving from Texas! Wonder if the EA are doing anything to control the methane emissions over there?
As we face the imminent prospect of Russia invading Ukraine with a resultant disruption of European Gas (50% of Europe’s gas comes from Russia) and to a lesser extent Crude Oil supplies, Brian Deese, 13th Director of the National Economic Council, said on Bloomberg yesterday that the USA had reached full capacity as regards LNG exports. There is a US political agenda to keep supplies up domestically and therefore prices low as we approach mid-term elections., in other words, no European LNG bail out.
Deese did comment that the administration would be working with individual allies and partners to increase capacity. My reading of this is that he is obliquely referring to the developing shale gas resources, especially in France and the U.K. who have major reserves but who have turned their backs on this development for environmental reasons disregarding energy ,security needs. The Biden administration must be utterly pissed off with the Europe’s policy leading to energy security nakedness.