Hurricane Energy plc announced it had ruled out drilling during summer 2021 and was looking at three other options for further activity on its 100% owned Lancaster field. In December 2020, the offshore hydrocarbon company, focused on naturally fractured basement reservoirs, said it would engage with its stakeholders including an ad hoc group of convertible […]
Tag: Lancaster field
Hurricane Q4 production in line with expectations
Hurricane Energy plc announced that production for the fourth quarter of 2020 was in line with expectations as the company continues to discuss with stakeholders options for the Lancaster field. TRADING AND OPERATIONS In its unaudited trading and operational report ahead of its results for year ended 31 December 2020, Hurricane’s revenue was $179 million […]
Hurricane to open debate on Lancaster’s future
Hurricane Energy plc said it planned to discuss with shareholders the funding and development of the Lancaster oil field, West of Shetland. DEVELOPMENT COSTS Ahead of a decision, Hurricane will focus on a new production well in 2021 in the central attic high of the Lancaster field, by re-entering and side-tracking the existing 205/21a-7z well. […]
Hurricane output falls with one well shut in at Lancaster
Hurricane Energy plc oil production fell by 700 barrels during Q3 2020 compared with the previous quarter as production came from just one well in the Lancaster field on the Rona Ridge, west of Shetland. PRODUCTION During Q3, production was at an average rate of 13,600 bopd, lower than the 14,300 bopd average rate in […]