Hurricane Energy plc believes the Greater Lancaster Area is a single hydrocarbon accumulation, making it the largest undeveloped discovery on the UK Continental Shelf.
UK based oil and gas company, Hurricane Energy plc, revealed Monday that it believes the Greater Lancaster Area is a single hydrocarbon accumulation, making it the largest undeveloped discovery on the UK Continental Shelf.
The company stated that operations on the 205/23-3A Halifax well were complete, with the well leading to an oil discovery. Initial data analysis also indicated that the well is linked to the Lancaster field, forming a single large hydrocarbon accumulation.
Preliminary third party analysis from the Halifax Well shows a ‘very significant’ hydrocarbon column of at least 3,792 feet is present within the basement extending well below local structural closure, Hurricane Energy said.
Following discussions with the Oil & Gas Authority, Hurricane said the Halifax Well has been suspended to allow for potential future operations to either deepen and/or undertake further testing of the well, the program for which will be determined following analysis of the well results.
"This is a highly significant moment for Hurricane and I am delighted that the Halifax Well results support the company's view that its substantial Lancaster discovery has been extended to include the Halifax license,” Hurricane CEO Robert Trice said.
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