Egdon Resources plc has started site works on the joint venture (JV) Wressle oil field near in the East Riding of Yorkshire.
DESIGNS
The site is in PEDL180 and PEDL182 where Egdon holds a 30% operated interest.
The company said that a civils contractor had mobilised and works to reconfigure the Wressle production site had started, with first oil on track during H2 2020.
Site work include installation of a new high density polyethelene impermeable membrane; French drain system; an approved surface water interceptor; the construction of a purpose-built bund area for storage tanks; a tanker loading plinth; and an internal roadway system.
Egdon added it was making progress with detailed designs, tendering and procurement of materials, equipment and services, as well as HSE documentation.
Four groundwater monitoring boreholes have been installed and two rounds of sampling and analysis have so far been undertaken.
ROBUST
“We continue to make good progress with the Wressle development, in line with the expected timeline, despite the challenges of the current operating environment,” said managing director, Mark Abbott.
“The commencement of the site reconfiguration works represents an important step in the progress to first oil which will increase Egdon’s production by 150 barrels of oil per day.
“Wressle is economically robust with an estimated project break-even oil price of $17.62 per barrel.”
JOINT VENTURE
In early June, Union Jack Oil plc increased its stake in Wressle from 27% to 40% after buying out Humber Oil & Gas for £500,000.
Europa Oil & Gas plc holds a 30% working interest in the project.