Saltfleetby Gas Field Workover
Angus Energy PLC has commenced a planned workover programme at the Saltfleetby Gas Field, involving coil tubing clean-ups in two wells to improve production and reliability by removing drilling additives and accumulated liquids. Production uptime is expected to be around 90% in December 2025 and 60% in January 2026, with results of the four to six-week clean-up period to be assessed in March 2026. This initiative is fully supported by the company's lender, Trafigura.
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In line with the Company's previously announced production enhancement strategy, Angus is pleased to announce the commencement of a planned workover programme at the Saltfleetby Gas Field. The workovers will be a coil tubing deployed wellbore clean-up in two wells to remove any additives left during the original drilling process, lift accumulated liquids within the wellbore and remediate any near wellbore damage that may have occurred naturally over time. These workovers aim to improve production and reliability from the two wells.
During the workover programme production will be periodically suspended, with expected uptime at circa 90% in December 2025 and circa 60% in January 2026. The workover programme is designed over two phases, with the physical intervention followed by a clean-up period of approximately four to six weeks, before the results of the workovers can be assessed in March 2026.
Carlos Fernandes, Finance Director comments: "The team has worked diligently on the planning of these production enhancement projects, which are fully supported by the Company's lender, Trafigura. We are excited to have these significant projects underway and look forward to updating the market on the results."
For further information please visit www.angusenergy.co.uk.
Angus Energy Plc
Carlos Fernandes
Finance Director Via Flagstaff
SP Angel Corporate Finance LLP (Nomad and Broker) www.spangel.co.uk
Stuart Gledhill / Jen Clarke / Richard Hail Tel: +44 (0)20 3470 0470
Flagstaff PR/IR angus@flagstaffcomms.com
Tim Thompson / Fergus Mellon / Alison Alfrey Tel: +44 (0) 207 129 1474
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.