East Lincolnshire provides hope for UK onshore Oil & Gas
Posted on: 13/10/2014

Europa Oil & Gas plc is an Alternative Investment Market company, with several projects coming into exciting stages of development including exploration and production.

One of these projects is the Wressle-1 exploration well within East Lincolnshire, of which Europe has a 33% working interest sharing partnership with Egdon Resources, Celtique Energie Petroleum Ltd and Union Jack Oil. Exploration of this well began back in July, earlier this yet, and estimations have been made that over 2.1 million barrels of conventional oil may be extractable. However, further testing is now required in order to understand if it is commercial acceptability.

Meanwhile the exploration of Wressle-1 will be accompanied by the drilling of neighbouring Kiln Lane well, which is believed to hold around 2.9 million barrels of oil. Kiln Lane has higher expected prospects in terms of potential barrels, and is of further importance as it de-risks additional leads identified within the licenced area.

With new research & technology seemingly set to secure greater life expectancy and productivity from the North Sea; emerging onshore prospecting and exploration is an expanding new frontier. Government pressure to secure cheap domestic energy sources is high on everyone’s political agenda.  Recent government predictions suggest that UK central production of oil & gas will increase by around 14% between 2013 and 2018.

Blueprint continues to experience high demand for professionals across all levels to work on both Onshore & Offshore projects globally. It is clearly an exciting time within the UK market, and the predictions highlighted here emphasise the need for us to attract more talent to the oil & gas sector from other technical Engineering sectors to avoid demand exceeding supply. 

If you are working within the Engineering, Procurement & Construction sector, we would be keen to hear from you and speak about how you could be part of the next boom.
Please call us on 02392603030 for a chat in confidence.

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