Europa Oil & Gas Cheers 'Very Positive' Storage Approval at Wressle Field
05.31.2021 - 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.

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