Europa Oil & Gas (Holdings) plc, the AIM quoted UK, Ireland and West Africa focused oil and gas exploration, development and production company, is pleased to announce that planning consent has been received from North Lincolnshire Council for the further development of the Wressle well site.
The approved works will include extending the existing site to accommodate the drilling of two new wells and construction of gas processing facilities and an underground gas pipeline to connect Wressle to the local gas distribution network.
The Wressle field is located in onshore licences PEDL180 and PEDL182, situated in North Lincolnshire.
Will Holland, Chief Executive Officer of Europa, said:
“I am very pleased that we have now received the planning permission for the continued development of Wressle. The development programme at Wressle will increase the oil production and monetise the associated gas from the field, which will result in zero routine flaring at site. Domestic production accounts for less than 50% of demand in the UK, yet this provides economic and environmental benefits when compared to imports.
The UK is increasingly reliant on imports as domestic production continues to decline and I believe that domestic production has a vital role to play in the UK as we progress towards the Net Zero 2050 target. I look forward to updating the market further as the Wressle partners continue to progress the field development.”
Read the article online at: https://www.oilfieldtechnology.com/exploration/17092024/europa-approves-wressle-oil-and-gas-field-extension/