Hurricane Energy Sells First Oil from Lancaster Field
UK-based oil exploration company Hurricane Energy plc sold its first cargo from its Lancaster Field on Tuesday, the company announced.
The operational update is in relation to the Early Production System development of the Lancaster field (Lancaster EPS).
The cargo was lifted from the Aoka Mizu FPSO by the Amundsen Spirit shuttle tanker and marketed by BP Oil International Limited, Hurricane said.
“First lifting from the Lancaster EPS marks the generation of Hurricane’s first revenue. We are now building the cash flow necessary to invest in the further appraisal and development of Hurricane’s basement assets,” Hurricane chief executive Dr. Robert Trice said in a company release.
The field is the UK’s first producing basement field. Hurricane is pursuing a phased development of Lancaster, starting with an Early Production System consisting of two wells tied-back to the Aoka Mizu FPSO.
The development is expected to produce an average of 17,000 barrels of oil per day (bopd).
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