Lidsey will be producing from mid june5 May 2022 14:35
Lidsey will be capable of resumed production from mid-June when site modernisation should be complete. In fact there has been intermittent production this year – but not at a meaningful continuous level. Production at the time of shut-in involved a relatively high water cut and so we have to address the issue of formation water disposal in the interim on the commercial market (where happily costs have fallen each year since 2019) and in the medium term via disposal at Brockham (our preference as it is environmentally more sound and cheaper) which latter route would require, amongst other permissions, a non-contentious EA permit (a so called RSR permit) which we should obtain later this year.
At these oil prices, however, Lidsey is profitable, even with a water cut on the high side, so we will be progressing each of those avenues to restore or increase flow. The level of profitability depends somewhat on the success of the hot-oiling and borehole remediation works undertaken last year and we will advise the market by RNS when this data becomes available after a period of continuous flow.