Campaigners and councillors have said they are shocked that a government-appointed inspector has overturned the refusal of planning permission for long-term oil production in the Lincolnshire Wolds area of outstanding natural beauty (AONB).
The workover of the well at the UK’s newest producing onshore oilfield has been “successfully concluded”, one of the partners reported today.
Union Jack announced this morning it was buying a 3% stake in Beacon Energy plc, an onshore oil and gas company with assets in Germany.
Oil production from the Wressle field in north Lincolnshire helped boost annual revenue by 349% for Union Jack, the company said today.
The first of eight new horizontal wells to exploit the West Newton gasfield in East Yorkshire could be drilled within months, it was revealed today.
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.
DRILL OR DROP? 