Hurricane Energy plc appointed Philip Wolfe as an independent non-executive director effective from 14 October 2021. He will chair the audit and risk committee and serve as senior independent director. Mr Wolfe has 30 years’ experience within the energy and utilities industry as an executive, adviser and corporate financier. He has served as chief financial […]
Tag: Hurricane Energy plc
Hurricane maintains 2021 production guidance
Hurricane Energy plc said that its full year production guidance would be near the upper end of guidance 8,500 – 10,500 bopd from the Lancaster field, West of Shetland. FPSO “This annual guidance is based on an FPSO production uptime assumption of 90% and production from the P6 well alone on artificial lift via ESP,” […]
Hurricane cash decreases but production rise expected
Hurricane Energy plc’s cash decreased during July because of no liftings but expects an increase in production at the Lancaster field, West of Shetland. MAINTENANCE As of 31 July 2021, the company had net free cash of $122 million compared with $134m at 30 June. The floating production and storage and offloading unit (FPSO) Aoka […]
Lancaster resumes production after FPSO maintenance
Hurricane Energy plc’s production operations at the Lancaster field have resumed following the scheduled annual maintenance of the Aoka Mizu floating production and storage and offloading unit (FPSO). The company added that production from the 205/21a-6 well was now currently stabilising. Hurricane’s next monthly production release is due in mid-August 2021. The FPSO shut down […]
Hurricane Energy net free cash increases
Hurricane Energy plc announced stronger net free cash position during the second quarter of 2021 than Q1 from its operations in the Lancaster field on the Rona Ridge, West of Shetland. FINANCES As of 30 June 2021, the company had net free cash of $134 million [£97m] compared with $127m at the end of March 2021. […]
Hurricane plugs and abandons Lincoln-14
Hurricane Energy plc has completed operations to plug and abandon the 205/26b-14 (Lincoln-14) well on the P1368 (South) licence in the Greater Warwick Area (GWA). DEADLINE The company is the operator (50%) for the GWA joint venture project with Spirit Energy Resources Ltd (50%). Hurricane completed the work within budget and before the deadline of […]