Europa Oil & Gas to boost Wressle-1 output with jet pump
–News Direct–
Europa Oil & Gas (Holdings) PLC (AIM:EOG) CEO William Holland speaks to Thomas Warner from Proactive after announcing the commencement of operations to install an artificial lift on the Wressle-1 well.
The exploration and production company is installing a jet pump on the Wressle-1 well, a departure from traditional beam pumps. Holland explains that jet pumps utilise the Venturi effect, boosting fluid flow and maintaining pressure differentials for increased production.
This move enhances oil extraction efficiency, countering the well's natural decline. Holland clarifies that this is not a sign of the well's end, but a strategic step in its lifecycle, anticipating a substantial output from it. Regarding the broader Wressle field, Holland says that E...