Union Jack Oil receives oil storage consent at Wressle

Union Jack Oil plc (LON:UJO), a UK focused onshore hydrocarbon production, development and exploration company, has announced that it has been advised by Egdon Resources U.K. Limited, the Operator, that consent has been received from the North Lincolnshire Council for the storage of crude oil under the Planning (Hazardous Substances) Regulations 1992 at the conventional Wressle Oilfield Development.

Wressle is located in North Lincolnshire, on the Western margin of the Humber Basin, covered by licences PEDL180 and PEDL182. Union Jack holds a 40% economic interest in this development.

The grant of consent allows full use of the installed oil storage capacity at site of approximately 2,000 barrels and will enable full production from the Wressle-1 well to be achieved following the proppant squeeze, which is expected to increase overall production to a constrained 500 barrels of oil per day (200 barrels net to Union Jack). 

David Bramhill, Executive Chairman of Union Jack commented: “The JOA partners are pleased to have received this final consent, which will allow the production target at Wressle to be realised following the proppant squeeze operation which is planned to be executed and completed during June 2021.”

Click to view all articles for the EPIC:
Or click to view the full company profile:
Share on facebook
Share on twitter
Share on linkedin
Union Jack Oil

More articles like this

Union Jack Oil

Oil rises for second day

Oil prices rose for a second day on Wednesday on signs of strong fuel demand in Europe, while the prospect of a near-term return of Iranian oil supply faded as the U.S. secretary of state said sanctions against

Union Jack Oil

Oil edges up

Oil prices moved a shade higher on Tuesday as rising demand from the approach of the Northern Hemisphere’s summer driving season and lifting of coronavirus restrictions mixed with worries that Iran’s possible return to the market will cause

Union Jack Oil

Oil steady near one week high

Oil prices were steady on Tuesday, holding around one-week highs after jumping more than 3% the previous session as investors tempered expectations of an early return of oil exporter Iran to international crude markets. Brent crude futures were

Union Jack Oil

Oil hits two-month high

Oil rose on Tuesday to hit $70 a barrel for the first time since March before paring gains, lifted by expectations of demand recovery after reopenings of the European and U.S. economies offset concern over spreading coronavirus cases

Union Jack Oil

Union Jack Oil “confidence in future remains highly positive”

Union Jack Oil plc (LON:UJO), a UK focused onshore hydrocarbon production, development and exploration company, has announced its audited results for the year ended 31 December 2020. Operational Highlights Successful drilling of the West Newton B-1Z conventional appraisal