Hurricane Energy Plc (LON:HUR) has updated investors on the advancing development of the Lancaster field, in the West of Shetland region offshore UK.
It is working to deliver Lancaster’s Early Production System in the first half of next year, and the project has now reached another key milestone.
The company has now started the offshore installation phase. It begins with the installation of enhanced horizontal ‘xmas trees’ on Lancaster’s two existing wells. An offshore construction vessel has taken on board both xmas trees and it is now due to mobilise to the field.
It is among a number of work tasks that are taking place ahead of the installation of the turret mooring system for Lancaster’s float production storage and offloading (FPSO) vessel.
"I'm delighted to see the start of the installation phase of the project with activity beginning to take place offshore,” said Dr Robert Trice, Hurricane chief executive.
“All workstreams are proceeding well; we remain on budget and on schedule for first oil in H1 2019."