# Union Jack Oil workover rig at Wressle update

- Link: https://www.directorstalkinterviews.com/union-jack-oil-workover-rig-at-wressle-update/4121129978
- Published: 2023-10-18T07:07:26+01:00
- Author: Jacob Brown

**[Union Jack Oil](https://www.directorstalkinterviews.com/company/union-jack-oil-plc/ujo.l)
plc** ([LON:UJO](https://www.directorstalkinterviews.com/company/union-jack-oil-plc/ujo.l))
a UK focused onshore hydrocarbon production, development and exploration company
has announced that workover operations on the Wressle-1 well to install a downhole
jet pump and recomplete the well have been successfully concluded. The workover 
rig has been demobilised from the Wressle site.

A new surface Triplex pump has been purchased and has been installed and connected.
The final stages of the surface facilities upgrades are nearing completion.  The
re-instatement of production operations at Wressle-1 well is currently expected 
during the week commencing 23 October 2023.

Union Jack hold a 40% economic interest in PEDL180/182.

> **David Bramhill, Executive Chairman of Union Jack Oil commented:** _“I am pleased
> with the operations being progressed at Wressle._
> _“The capital expenditure incurred in the completion of these works is comfortably
> funded from existing cash balances and will be offset against the Energy Profit
> Levy Tax at a rate of 129%._
> _“I look forward to updating the market once stabilised production has been achieved.”_

Share on: