Wressle oil delivers first Union Jack annual profit
Oil production from the Wressle field in north Lincolnshire helped boost annual revenue by 349% for Union Jack, the company said today.
Oil production from the Wressle field in north Lincolnshire helped boost annual revenue by 349% for Union Jack, the company said today.
Egdon Resources increased oil production by 27% in the second half of 2022, thanks to the Wressle field in North Lincolnshire.
The oil and gas operator, Egdon Resources, has reported increased revenues of more than 530% because of rising production and prices.
The operator of the Wressle oil field in North Lincolnshire reported a 500% increase in oil and gas revenues in its latest interim accounts today.
Egdon Resources said today it was “likely” to appeal against the refusal of planning permission for drilling and production at Biscathorpe in the Lincolnshire Wolds.
The operator of the Wressle oil well in North Lincolnshire said initial production exceeded 884 barrels of oil per day (bopd).
A new planning application for oil production at the Wressle site near Scunthorpe is expected by the end of April, one of the partners in the project has said.