The leading partner in the Wressle oil site has reported an increase in revenues of 1099% in 2021, compared with the year before.
The operator of the Wressle oil well in North Lincolnshire has said production could reach 1,543 barrels per day.
The operator of the Wressle oil site near Scunthorpe has confirmed it no longer plans to use acidisation to improve production.
Union Jack Oil has raised £7m for work at oil sites in the East Midlands and future acquisitions.
Work on the oil site at Wressle, near Scunthorpe, is now underway, the operator, Egdon Resources, said this morning.
Work to start oil production at the Wressle site near Scunthorpe is still awaiting the discharge of planning conditions.
North Lincolnshire Council has paid costs of £403,000 after losing an appeal on plans for oil production at Wressle, the site operator has confirmed.
A public inquiry which opens tomorrow into oil plans in north Lincolnshire could see the first examination of the government moratorium on fracking.
Details have been published on the latest stage in a long-running planning dispute over oil production at Egdon Resource’s site at Wressle in north Lincolnshire.
The public inquiry into plans for long-term oil production at Egdon Resource’s Wressle site near Scunthorpe is to begin on 5 November 2019.