Europa Oil & Gas (Holdings) plc said that pump and production rates had been increased with Environment Agency approval at the Wressle onshore joint venture.
OPTIMISE
Partners in PEDL180/182 comprise Europa (30% economic interest) Union Jack Oil plc (40%) and operator Egdon Resources plc (30%).
The EA permits allow the company to handle higher volumes of fluids at surface and nearby water disposal facilities.
The Wressle-1 well had previously been producing at a stable gross production rate of more than 550 barrels of oil per day, net 165 bopd to Europa, at “constrained surface jet pump rates”.
Since 14 December 2023, following EA approval, the surface pump rate has gradually been increased and the oil production rate over a 24-hour period ending at 7am on 18 December 2023 was 680 bopd (net 204 bopd).
Europa is monitoring the well to determine the best rate for the jet pump to optimise oil production rates as it gradually increases the pump rate.
The company expects the well to stabilise and reach an optimised production rate in a few weeks.
Union Jack said that the jet pump was capable of handling up to 1,440 barrels of fluid per day.
Europa chief executive Will Holland added that W1 was responding well to the increased pump rate.
“I believe that the W1 well has the potential to deliver stable production at materially higher levels than the 550 bopd level we were producing at and the current rate of 680 bopd is very encouraging.
“There will now follow a period where the well will be monitored closely and the pump rate may be further increased as our engineers optimise the well performance to maximise oil recovery and value.”
The revised competent person’s report for Wressle is expected in early January 2024.