Union Jack Oil plc (LON:UJO), a UK focused onshore hydrocarbon production, development and exploration company, has provided an update in respect of the UK onshore Wressle-1 well.
- Environment Agency (“EA”) approval has been received that allows higher volumes of fluid to be handled at surface and at nearby water disposal facilities, since 14 December 2023
- Prior to EA approval, production was constrained to delivering an average of 550 barrels of oil per day (“bopd”)
- From 14 December 2023, the surface pump rate has been incrementally increased, resulting in a material uplift in oil production rates, with a gross average rate of 670 bopd since then, and 674 bopd recorded on 17 December 2023, over a 24 hour period
- Jet pump is capable of handling up to 1,440 barrels of fluid per day
- Notwithstanding the increasing oil production trend, production rates will be carefully monitored, whilst the flow rate is gradually increased over the coming weeks to determine the optimum oil flow rate as the well stabilises
- Site upgrades are ongoing
- Updated Wressle Competent Person’s Report (“CPR”) will be published during January 2024
