|Europa interest||30% (reducing to 20% with Upland deal)|
|Partners||Egdon 25% (operator), Celtique 30%, Union Jack 15%|
|Term||Part 2 of phase 1|
PEDL180 is home to the Wressle oil discovery which lies 5km southeast of, and along the same structural trend as, the Europa-operated Crosby Warren field which has been producing oil for almost 30 years. The field was discovered by the Wressle-1 conventional exploration well which was drilled to a total depth of 2,240m (1,814m TVDSS) on 23 August 2014. Petro-physical evaluation of MWD (measurement whilst drilling) log data indicated over 30m measured thickness of potential hydrocarbon pay in three main intervals:
Four intervals were tested between February & March 2015 flowing an aggregate 710 boepd during testing operations:
The results facilitated the design of an Extended Well Test (EWT) programme to quantify the production levels that could be attained from pumped production. Reservoir engineering analyses indicate an initial production flow rate of 500 bopd gross from the Ashover Grit interval. A CPR was issued on 26 September 2016 which identified gross 2P reserves on the Wressle structure of 0.65 mmboe in the Ashover and Wingfield Flags and gross 2C contingent resources of 1.86 million boe in the Penistone Flags. The EWT provided the basis for the Field Development Plan (FDP) which was submitted on 8 September 2016. An application for planning permission and applications for Environment Agency permits were submitted in June 2016. First oil at Wressle is targeted for 2017.
On 24th November 2016, Europa agreed the sale of a 10% interest in PEDL180 and 182 to Upland Resources (UK Onshore) Limited for up to GBP1.85 million. Completion of the sale is subject to planning, EA and FDP approvals.