11 Jun 2021 13:40
11 June 2021
Hurricane Energy plc
("Hurricane" or the "Company")
Lancaster Field Update
Hurricane Energy plc, the UK based oil and gas company, provides an update on Lancaster field operations.
On 10 June 2021, the Company announced that the electric submersible pump ("ESP") in the 205/21a-6 ("P6") well had tripped on 8 June 2021, causing the well to be temporarily shut in on precautionary grounds prior to restarting the well on natural flow while the cause of the trip was investigated.
While these investigations continue and ahead of an attempt to restart the P6 well ESP, the Company has decided to maintain the P6 well on natural flow at a rate of 9,000 - 11,000 bopd subject to surface conditions and settings in order to fulfil the minimum lifting quantity for the next Lancaster lifting which is scheduled for the week commencing 14 June 2021. Further updates will be given in due course.
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Contacts:
Hurricane Energy plc Antony Maris, Chief Executive Officer Philip Corbett, Head of Investor Relations
| +44 (0)1483 862820 |
Stifel Nicolaus Europe Limited Nominated Adviser & Joint Corporate Broker Callum Stewart
| +44 (0)20 7710 7600 |
Investec Bank plc Joint Corporate Broker Chris Sim / Rahul Sharma | +44 (0)20 7597 5970 |
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Vigo Consulting Public Relations Patrick d'Ancona / Ben Simons hurricane@vigoconsulting.com
| +44 (0)20 7390 0230 |
About Hurricane
Hurricane has a 100% interest in and operates the Lancaster field, the UK's first field to produce from a fractured basement reservoir.
Hurricane also has a 50% interest in the Greater Warwick Area licence, which contains the Lincoln and Warwick assets.
Visit Hurricane's website at www.hurricaneenergy.com
Glossary
bopd | Barrels of oil per day |
Inside Information
This announcement contains inside information.