Project Profile
Value: Undisclosed
Location: onshore Production Licence PL090, located around 10 kms to the east of the town of Dorchester, UK
Reserves: Mean in-place volumes of over 30 million barrels of oil
Production: 30-40 barrels of oil per day
Start-up Year: 3Q 2013
Dorset County Council has granted planning permission for the development of the Waddock Cross oil field in onshore Production Licence PL090, located around 10 kms to the east of the town of Dorchester. The detailed planning consent allows for the retention of the existing site for a period of ten years for oil production from the two existing wells, and the drilling of a sidetrack and two new boreholes for further appraisal of the field and production of oil. An Environmental Permit has also been granted for the site by the Environment Agency.
Subject to satisfaction of the planning conditions and approval of the Field Development Plan by the Department of Energy and Climate Change, it is anticipated that production will commence during the third quarter of 2013 at initial gross rates of around 30-40 barrels of oil per day. Waddock Cross is mapped by Egdon as containing mean in-place volumes of over 30 million barrels of oil in the Lower Jurassic age Bridport Sandstone. The plan for the first phase of the development is to drill two further horizontal producer wells by 2015.
The interests in the Waddock Cross oil field are currently: Egdon Resources U.K. 55.00% (Operator); First Oil Expro 26.25%; Aurora Exploration 18.75%. Union Jack holds an option to purchase the 10% interest in PL090 (including Waddock Cross) and the neighbouring licence PEDL237 currently held by Dorset Exploration (a wholly owned subsidiary of Egdon. This option is exercisable until 31 July 2013.
Operators:
Egdon Resources U.K.: Operator with 55% interest
First Oil Expro: 26.25% interest
Aurora Exploration: 18.75% interest
Contractor:
Tesla Exploration International: Seismic survey contract