Union Jack Oil reported today it had made about US$300,000 (£217,000) from test production at the Wressle well in North Lincolnshire.
Suspected damage to the target formation at Rathlin Energy’s West Newton-B site in East Yorkshire is limiting hydrocarbon flow, two of the partners said this morning.
Tests at the Wressle oil site in North Lincolnshire have exceeded flow rates of 500 barrels of oil per day, the operator, Egdon Resources said this morning.
One of the backers of plans for long-term production in the Lincolnshire Wolds has said the carbon intensity of oil from the site would be below the UK onshore average.
Final consent had not yet been granted for the stimulation of the Wressle oil well in North Lincolnshire, Union Jack Oil confirmed today. But the company announced that tests on wells at two West Newton sites in East Yorkshire were expected soon.
Equipment to flow test a well at the West Newton-B oil site in East Yorkshire is due to be delivered in May 2021, it was announced this morning.
Plans have been submitted for a new sidetrack well, testing and long-term production at the Biscathorpe oil site near Louth in Lincolnshire.
Drilling results from Rathlin Energy’s West Newton B site in East Yorkshire indicate a “substantial hydrocarbon accumulation”, partners said this morning.
Losses in Union Jack Oil more than doubled in the first half of 2020, compared with the same period last year.
Union Jack Oil announced this morning it had increased its interest in the Biscathorpe oil site in Lincolnshire.