Wressle production fall cuts revenue for Europa
Europa Oil & Gas plc saw a near halving of oil production at its onshore sites, according to the latest annual report.
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.
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.
Views are being sought on applications for environmental permits at 15 established oil and gas sites across the UK.