Wressle-1 Well Confirms Potential Hydrocarbon-Bearing Zones
UK onshore-focused Europa Oil & Gas reported Monday that a detailed petrophysical and reservoir engineering evaluation on the Wressle-1 exploration well in East Lincolnshire, UK, has confirmed the presence of potential hydrocarbon-bearing zones in three separate reservoir intervals.
Europa said that production testing of these intervals using a work-over rig is due to start in November.
Wressle is a conventional hydrocarbon prospected located on the PEDL 180 license in the East Midlands Petroleum Province, some three miles southeast of the Europa-operated Crosby Warren field that has been producing oil for nearly 28 years.
PEDL 180 is operated by Egdon Resources, which has a 25-percent interest. Europa and Celtique Energie each have a 33.3-percent working interest in the license, while Union Jack Oil has an 8.3-percent stake.
Europa also confirmed that preparations for its Kiln Lane conventional exploration well on the PEDL 181 license are proceeding according to plan and that operations are anticipated to start on site before the end of the year. Europa estimates that this prospect holds gross mean prospective resources of 2.9 million barrels of oil.
Europa CEO Hugh Mackay commented in a company statement:
"Having identified over 30 meters [99 feet] of potential hydrocarbon pay in three main intervals we look forward to the commencement of testing operations on the Wressle-1 well in the next few weeks and to determine if we have made a commercial discovery. Testing Wressle will be closely followed by drilling the 2.9 million barrel conventional Kiln Lane prospect.
"Combined Wressle and Kiln Lane have the potential to transform our existing UK onshore production profile. I look forward to providing further updates on our progress in the UK and elsewhere in our portfolio including our two offshore Ireland blocks where we are due to receive a new prospect inventory from our partner Kosmos Energy."
WHAT DO YOU THINK?
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