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Oil & Gas

Union Jack Oil expects evaluation of WNB-1Z well to start April

April's work will precede an extended well test which and inform a new competent persons report.

Union Jack Oil PLC (LON:UJO) told investors it expects the first phase of evaluation at the WNB-1Z well at the West Newton project will get underway in April.

The company, in a stock market statement, said it received a draft environmental agency permit for the completion, clean-up and extended test of the well.

The first phase of evaluation will include a cased hole logging programme and vertical seismic profiling. This is expected to take two weeks to carry-out, after which the findings will inform the completion and testing operations.

Additionally, the company added data from the testing programme will feed into a new competent-persons report to assess the project.

“Discussions regarding the appointment of a highly respected global consultancy to produce a CPR on West Newton are at an advanced stage,” it said. “The joint venture expects to be in a position to announce this appointment in the near future.”

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