Sign up
Oil Capital

Hurricane Energy brings Lancaster field development into installation phase

Lancaster's early production system is slated to deliver some 17,000 barrels of oil per day following it proposed start up in the first half of next year.
oil and gas operations
Hurricane remains on budget and on schedule for 'first oil'

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.

READ: Hurricane Energy shares could double as Lancaster advances

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."

Why Invest In Hurricane Energy PLC? Read More Here

Register here to be notified of future HUR Company articles
View full HUR profile View Profile
View All

Related Articles

© oil Capital 2019

Oil Capital, a subsidiary of Proactive Investors, acts as the vanguard for listed oil companies to interact with institutional and highly capitalised investors.
Headquartered in London, Oil Capital is led by a team of Europe's leading analysts and journalists, publishing daily content, covering all key movements in the Technology market.