Hurricane Energy plc profited from higher Brent prices to record a net revenue of $60.5 million in March from its Lancaster field, west of Shetland. PRODUCTION On 22 March the company lifted the 28th cargo of Lancaster oil of approximately 524 Mbbls. Hurricane said that the cargo was priced by reference to the average of the […]
Day: 15 November 2024
UKOG notes potential for hydrocarbon accumulation at Basur-Resan
UK Oil & Gas plc (UKOG) said that new completed seismic data could indicate a single hydrocarbon accumulation present over the entire 60km² Basur-Resan anticline. BASUR-RESAN The Basur-Resan anticline containing the Basur-1 oil discovery lies within the surrounding 305 km² Resan M47-b1, b2 licence. The company’s wholly owned subsidiary, UKOG Turkey Ltd, holds a 50% […]