Europa Oil & Gas Cheers 'Very Positive' Storage Approval at Wressle Field
05.31.2021 By Ricardo Perez - NEWS

May 30, 2021 [Proactive] – The Wressle partners are now looking forward to hitting target production from the Lincolnshire oil field

 

Europa Oil & Gas PLC’s (LON:EOG) 30%-owned Wressle field, in Lincolnshire, is clear to hit its production target as the project has now has been approved for crude oil storage.

A newly awarded planning approval gives consent for the full use of a 2,000 barrel storage facility.

It allows the Wressle operation to run up to full production which is expected at around 500 barrels of oil per day (bopd) gross – around 150 bopd net to Europa.

“The receipt of the final consent is very positive news and will enable the proppant squeeze in June to maximise production rates at Wressle,” said Simon Oddie, Europa chief executive.

Europa holds a 30% interest in the Wressle field alongside Union Jack Oil PLC (LON:UJO) and Egdon Resources PLC (LON:EDR), which own 40% and 30% respectively.

Click Here to Access Today a 6,750 Tank Terminal Database With a Pro Trial

6,750 terminals as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

IKAV, VTTI Buy Majority Stake in Italy's Biggest LNG Terminal
03.28.2024 - NEWS
March 28, 2024 [Reuters]-Dutch infrastructure group VTTI and German asset manager IKAV have teame... Read More
Neste Oyj : Supplying Sustainable Aviation Fuel to Emirates for Flights From Amsterdam Airport Schiphol
03.28.2024 - NEWS
March 28, 2024 [Market Screener]-Neste has started supplying sustainable aviation fuel (SAF) to E... Read More
France Gets EC Nod for EUR-900m Biomass, Hydrogen State Aid Plan
03.28.2024 - NEWS
March 28, 2024 [Renewables Now]-The European Commission (EC) has approved France’s plan for a E... Read More
A Milestone Moment Port Arthur LNG Celebrates One Year of Achievement
03.28.2024 - NEWS
March 28, 2024 [Storage Terminal Magazine]-The groundbreaking ceremony for the Port Arthur LNG Ph... Read More