Wressle production down 15%
Production at the UK’s newest onshore oil site has dropped 15%, accounts from one of the partners have revealed.
Production at the UK’s newest onshore oil site has dropped 15%, accounts from one of the partners have revealed.
Europa Oil & Gas, the company behind rejected plans for lower-volume fracking at Burniston in North Yorkshire, is also pursuing developments at three other sites onshore in the UK, it revealed today.
Europa Oil & Gas Limited has been making headlines since it announced controversial plans a year ago for gas drilling and lower-volume fracking in the North Yorkshire village of Burniston, near Scarborough.
The oil and gas company, Star Energy, said this week it was under increasing strain in a challenging operating environment.
Europa Oil & Gas plc saw a near halving of oil production at its onshore sites, according to the latest annual report.
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 Wressle production site in Lincolnshire has helped Europa Oil & Gas quadruple its annual revenues.
Follow onshore oil production trends with our review of the latest official monthly data
The future of Europa Oil & Gas Limited depends on production this year from the Wressle well in north Lincolnshire, the company’s accounts have revealed.