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Union Jack Oil welcomes reactivation of Wressle-1 well

Published 08/11/2023, 08:30
Updated 08/11/2023, 08:40
© Reuters.  Union Jack Oil welcomes reactivation of Wressle-1 well

Proactive Investors - Union Jack Oil PLC (LON:UJO) has announced that the Wressle-1 well has been brought back into production following the installation of a downhole jet pump and associated surface facilities to optimise flow rates.

Since production resumed, flow rates in excess of 950 barrels of oil per day have been recorded, the UK-focused onshore hydrocarbon production, development and exploration company noted.

The well is now on continuous 24-hour production and is still being cleaned up, while export and sale of oil have recommenced.

Once stabilised production is achieved a further announcement will be made.

Union Jack holds a 40% economic interest in the PEDL180 and PEDL182 licences located in Lincolnshire, on the Western margin of the Humber Basin.

Read more on Proactive Investors UK

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