Burton on the Wolds Operation to Start in Mid-October

Junior explorer Egdon Resources reported Thursday that it expects operations on its onshore Burton on the Wolds-1 exploration well in Leicestershire, UK, to begin by mid-October.

Egdon said the rig being used for the drill has been demobilized from the Wressle-1 well site following the completion of that well for future testing operations. It will be used to drill a well for another exploration company before being mobilized to Burton on the Wolds.

The company added that well-site construction at Burton on the Wolds has been completed and it is anticipated that operations will begin by mid-October. The well will be drilled to a depth of approximately 3,300 feet, intersecting two targets.

The Burton on the Wolds prospect is based on proprietary 2D seismic data that was acquired by Egdon in 2011. Evaluation of this data has highlighted a conventional oil prospect, with targets at two distinct Carboniferous stratigraphic levels. The shallower target, the Rempstone Sandstone, is productive at the nearby Rempstone oil field. A seismic anomaly, possibly indicative of a carbonate reef, underlies the Rempstone Sandstone and provides a deeper secondary target.

Egdon estimates that the mean combined prospective resources for the two target objectives to be 3.8 million barrels of oil.

 

 

 



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Shell to Sell Gabon Onshore Assets for... (Mar 24)
 -  Industry Pros Gather for Offshore Achi... (Mar 24)
 -  Statoil Makes North Sea Oil, Gas Disco... (Mar 24)
 -  Report: Hiring Managers See Salaries S... (Mar 23)
 -  Repsol Chooses Atlas for Onshore, Offs... (Mar 23)


Most Popular Articles

From the Career Center
Jobs that may interest you
Packer
Expertise: Storeman|Warehouse Person
Location: Lovell
 
Drivers
Expertise: Heavy Machinery Operator|Rig Mover|Truck / HGV Driver
Location: Midland, TX
 
Class A CDL Drivers INTERVIEW OPPORTUNITY
Expertise: Motorman
Location: San Antonio, TX
 
search for more jobs

Brent Crude Oil : $50.56/BBL 0.15%
Light Crude Oil : $47.7/BBL 0.70%
Natural Gas : $3.05/MMBtu 1.32%
Updated in last 24 hours