Union Jack Oil, Europa Oil & Gas (Holdings), and Egdon Resources have announced that the installation of a jet pump system and accompanying surface equipment has commenced at the Wressle hydrocarbon development in England. The process is estimated to take approximately three weeks.
According to the companies, production from the Wressle-1 well is expected to be reinstated by the end of next month.
Union Jack holds a 40% economic interest in the Wressle development, with Europa and Egdon each holding a 30% share.
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.