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IN BRIEF: Hurricane Energy resumes operations at Lancaster field

Wed, 28th Jul 2021 12:01

Hurricane Energy PLC - Surrey, England-based producer from Lancaster oil field, located west of Shetland - Reports that production operations at the Lancaster field have resumed following the Aoka Mizu floating production, storage and offloading vessel's scheduled annual maintenance shutdown, which took place earlier this month. Production from the 205/21a-6 well is currently stabilising, Hurricane says, with the next monthly production update scheduled for mid-August. The well produced at an average rate of 10,640 barrels of oil per day in June, with an average water cut of 31%. Lancaster is an offshore oilfield 100 kilometres west of Shetland.

Current stock price: 3.06 pence, up 1.3% on Wednesday morning

Year-to-date change: up 23%

By Will Paige; willpaige@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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