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6 Apr 2023 07:00
6 April 2023
Hurricane Energy plc
("Hurricane" or the "Company")
Operational Update
Hurricane Energy plc, the UK based oil and gas company, provides an update on its Lancaster field operations as of 31 March 2023.
Lancaster Field Operations Update
The following table details production volumes, water cut and minimum flowing bottom hole pressure for the 205/21a-6 ("P6") well during March 2023.
March 2023 Lancaster Field Data
P6 | P7z(1) | |
Oil produced during the month (Mbbls) | 238 | - |
Average oil rate (bopd) | 7,672 | - |
Water produced during the month (Mbbls) | 260 | - |
Average water cut(2) | 52% | - |
Well gauge pressure (psia)(3) | 1,498 | - |
1. The 205/21a-7z ("P7z") well was not on production during March 2023
2. Expressed as total water produced divided by total fluid (oil and water) production
3. Pressure reported is the monthly minimum from well downhole gauges.
As of 2 April 2023, Lancaster was producing c.7,530 bopd from the P6 well alone with an associated water cut of c.53%. At that time the FPSO held c.335,000 barrels available for lifting. The next cargo is anticipated to be lifted in late April 2023.
-ends-
Contacts:
Hurricane Energy plc Antony Maris, Chief Executive Officer communications@hurricaneenergy.com
| +44 (0)1483 862820 |
Stifel Nicolaus Europe Limited Nominated Adviser & Joint Corporate Broker Callum Stewart / Jason Grossman
| +44 (0)20 7710 7600 |
Investec Bank plc Joint Corporate Broker Chris Sim / Jarrett Silver / Charles Craven | +44 (0)20 7597 5970 |
| |
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.
Visit Hurricane's website at www.hurricaneenergy.com
Glossary
bopd | Barrels of oil per day |
FPSO | Floating production storage and offloading vessel |
Mbbls | Thousand barrels |
psia | pounds per square inch absolute |
Inside Information
This announcement does not contain inside information.
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