UK Onshore (26.25% working interest) PL090
PL090 includes the Waddock Cross oil field. The field was discovered in 1982 by British Gas with the WX-1 Well which encountered 22 metres of 29 API oil in the Jurassic Bridport Sandstone at a depth of c. 610 m TVDss. Egdon spud the WX-2 well in 2003, and completed it in January 2004. WX-2 also encountered a 22 metre thick oil column. Following acquisition of 3D seismic survey over the area, the WX-3 well was drilled as a horizontal appraisal well in 2005. The field was put onto production in 2013 through WX-2, but was shut-in in 2014 due to high water cut from this well.
During 2020 Operator Egdon Resources coordinated the completion of reservoir modelling work on Waddock Cross. The Operator estimates that Waddock Cross contains a significant Stock Tank Oil Initially in Place (STOIIP) volume of 57 mmbbls, and that a new horizontal well could yield commercial oil production of 500-800 bopd and c. 1 mmbbls recovery per well.
As of 31 October 2023, the Operator Egdon advises that they are progressing plans for restarting production at Waddock Cross.
Waddock Cross licence
c. 57 mmbbls
of Stock Tank Oil Initially in Place (STOIIP) (Operators latest estimate, April 2023)