Rathlin Energy (UK) Ltd said that the Environment Agency had issued the variation to the permit, which includes a “reservoir stimulation” in the West Newton-2 well, at the site onshore East Yorkshire.
RECOMPLETION
The permission granted to the operator is subject to pre-operational conditions.
“This key regulatory milestone clears a major hurdle in the company’s path toward development and eventual production at West Newton, strengthening Rathlin’s ability to advance its UK onshore assets within a responsible environmental and social governance framework,” said Rathlin.
The joint venture, within PEDL183, comprises Rathlin with a 66.7% interest, Reabold Resources plc with a 69.9% economic interest through its 79.8% shareholding in Rathlin and a 16.665% direct licence interest.
Union Jack Oil plc owns a 16.665% working interest.
Reabold and Union Jack both said that the planned recompletion of the WNA-2 well was “a low risk and low cost activity” that would further derisk the project.
The companies added that that the operation would also provide important information to optimise future production wells.
“We are delighted to announce this important regulatory milestone, which represents a major step forward in unlocking the full value of West Newton that we believe is a significant and strategic natural gas resource,” said co-chief executive officer Sachin Oza.
“The EA’s approval underscores the diligent and careful work undertaken for the planned recompletion works.”