Business
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. Disclaimer*
About this update from Angus Energy Plc
[{"type":"text","content":"\n\nTHE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n 19 December 2025\nAngus Energy PLC\n (\"Angus\", the \"Company\" or together with its subsidiaries, the \"Group\")\n(AIM:ANGS)\n \nSaltfleetby Gas Field Workover\n \n· Two well coil tubing workover campaign at Saltfleetby\n· Improving production and reliability\n \nSaltfleetby Gas Field Workover\n \nIn 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.\n \nDuring 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.\n \nCarlos 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.\"\n \nEND\nFor further information please visit www.angusenergy.co.uk.\nAngus Energy Plc  ...