OGA Says Hurricane Can Split Up its West of Shetland License

UK-focused junior explorer Hurricane Energy reported Monday that the UK's Oil and Gas Authority has granted approval for the firm's P1368 license, West of Shetland, to be subdivided into four sub-areas.

The sub-areas will be: P1368 Central, which contains the Lancaster basement discovery; P1368 North, containing the Whirlwind basement discovery; P1368 South, containing the Lincoln basement prospect; and P1368 Southwest, containing the Strathmore sandstone discovery.
 
Additionally, the OGA has given Hurricane a two-year extension on the requirement for the drilling of an exploration well on the Lincoln basement prospect until Dec. 31, 2019.

Hurricane Chief Executive Dr Robert Trice commented in a company statement:

"The license subdivision is a further important step in the progression of Hurricane's assets as it provides greater flexibility as we progress the options to farm-down our interests in discoveries or prospects within the original P1368 license."

 



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  What Should Go On Your Electrical Engi... (Jul 25)
 -  AECOM to Lead Permitting for Monkey Is... (Jul 25)
 -  LyondellBasell Plans Its Largest Inves... (Jul 21)
 -  Preparing a Mechanical Engineering Res... (Jul 19)
 -  Tesoro Signs Deal with Pemex to Enter ... (Jul 19)


Most Popular Articles

From the Career Center
Jobs that may interest you
Survey Project Manager
Expertise: Landman|Project Management|Surveying
Location: Corpus Christi, TX
 
Foreman Fleet Operations
Expertise: Logistics Management|Operations Management
Location: Midland, TX
 
Environmental Inspector
Expertise: Environmental Engineer|Regulatory Compliance
Location: Williamsport, PA
 
search for more jobs

Brent Crude Oil : $50.2/BBL 3.29%
Light Crude Oil : $47.89/BBL 3.34%
Natural Gas : $2.94/MMBtu 1.37%
Updated in last 24 hours