The operator of the Wressle oilfield in North Lincolnshire said today it wanted to extend the site and add two new production wells that would extract hydrocarbons for 10-15 years.
Two directors of an oil firm have retired after “consultation with shareholders” and the entire board of a second company faces a call for its replacement.
The industry regulator has revised down recent monthly volumes for methane vented at the Kimmeridge oil well in Dorset to almost nothing.
Two new wells planned for the UK’s newest onshore oil production site are likely to be stimulated by proppant squeeze, a small-scale hydraulic fracture.
Onshore oil and gas production fell in August 2023, with a drop in extraction at the leading sites at Wytch Farm, Wressle and Saltfleetby.
Almost a fifth of UK onshore production fields have extracted no oil or gas in the past five years, according to analysis by DrillOrDrop.
The Wressle oil field in North Lincolnshire earned Europa Oil & Gas £5.3m in the past year, the company reported this week.
The UK’s newest onshore oil production site has confirmed it is planning two new wells.
The company which operates the mothballed oil site at Balcombe in West Sussex has been accused of misrepresenting history in a comment on fracking.
The workover of the well at the UK’s newest producing onshore oilfield has been “successfully concluded”, one of the partners reported today.