A statement from Egdon Resources said a downhole jet pump would be installed in an artificial lift at the well, near Scunthorpe in North Lincolnshire.
Artificial lift is commonly used to increase production when the energy of the reservoir is not strong enough to push oil to the surface. Methods can include beam pumping, downhole pumps and the injection of compressed gas.
David Bramhill, executive chairman of Union Jack Oil, a partner in the Wressle site, said:
“Industry sources indicate that over 90% of oil wells employ artificial lift during their life-cycle, therefore, the natural sequence of the installation of a jet pump on the Wressle-1 well offers a reliable method of ensuring the continued operation and the optimisation of its future production performance.”
Union Jack Oil plc (LON:UJO) is an onshore oil and gas exploration company with a focus on drilling, development and investment opportunities in the United Kingdom hydrocarbon sector.