Europa Commences Production Enhancement Projects Onshore UK
Europa Oil & Gas has commenced production enhancement projects at both West Firsby and Crosby Warren Oilfields in the East Midlands, onshore UK. It is expected that, upon completion of these programs, production from the two sites will be increased to approximately 250-300 bopd, taking Europa's total production to potentially in excess of 350bopd.
Europa has engaged Hull-based OSL Consulting Ltd. to design and modify the West Firsby site to handle the higher production volumes. OSL have recently initiated these improvements and have indicated a 10 week timescale for completion. In parallel with the site improvement work, the WF6 well is scheduled to be back on production in several weeks.
In addition, the Crosby Warren Oilfield site has recently undergone a major site renovation. The site comprises two production wells, one of which (CW1) is currently being fitted with a larger beam pump which is expected to increase production volumes. Stratagen, specialist well stimulation consultants, have begun work on the CW2 well which has been shut-in since last year due to a combination of well completion configuration and low deliverability. The CW1 well reacted extremely well to a hydraulic frac treatment and upon finalizing the frac design by Stratagen, it is anticipated the CW2 well can be fracced in November.
Managing Director, Paul Barrett, said, "We are determined to increase production and the recent placing of shares has allowed us to begin the production enhancements programs earlier than scheduled. We are confident that this is a wise use of the placement funds, as these projects go straight to the bottom line with rapid payback. This will ensure that we can continue to drill wells, increase reserves and enhance shareholder value in 2010."
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