Press

Lancaster EPS Field Development Plan Approval


Hurricane Energy plc, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, is pleased to announce that it has received development and production consent for its Lancaster field development plan, the Early Production System (EPS).

Dr Robert Trice, Chief Executive, commented:

"I am delighted that we have been granted consent for the Lancaster field development plan for the EPS phase of the Lancaster Field. With funding and regulatory approvals in hand, we can now fully focus on delivering the project within the target timeline of first oil in 1H 2019.

The Lancaster EPS is not only an essential step in planning for the full field development of the Company's Rona Ridge assets, but also represents a substantial development in its own right, with planned production of 17,000 barrels of oil per day.

I would like to thank the Oil and Gas Authority, the Department for Business, Energy & Industrial Strategy, and the Health & Safety Executive for their support in our achieving the first approval of a field development plan for a UK basement field. This is an important step in demonstrating the potential of basement West of Shetland and in the UKCS more generally.

We greatly appreciate the contributions provided to date by our key contractors and partners: Bluewater Energy Services, TechnipFMC, and Transocean. We look forward to providing further updates as we move forward with engineering, procurement, installation and commissioning (EPIC) activities."


Visit source site

londonstockexchange.com/exchange/news/market-news/...

Hurricane EnergyEPS FieldLancaster EPSEPIC

More items from oilvoice


Subsea 7 Awarded Contracts Offshore Norway

Luxembourg - 15 December 2017 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY)today announced the award of two contracts from alliance partner Aker BP in theNorwegian North Sea. The contracts are for the Skogul project and the ValhallFlank West project, which collectively are equivalent to a sizeable( ...

OilVoice Press - OilVoice


Posted 2 days agoPress > OffshoreNorwayContract +4

Aker BP Submitted Plans for Development and Operation (PDOs) for Three Projects

Today, Aker BP submitted Plans for Development and Operation (PDOs) for three projects. The total investments will amount to approximately NOK 15.5 billion. Valhall western flank One of the PDOs concerns the Valhall western flank in the North Sea. The development will take place with an unmann ...

OilVoice Press - OilVoice


Posted 2 days agoPress > Aker BPNorwayNorwegian Petroleum Directorate +2

Bakken Gas Threatens Crude Production

The output of associated gas in two counties within the Bakken core has already exceeded local processing capacity, and will impact production growth, according to ESAI Energy's December North America Watch. Associated natural gas output is rapidly increasing from the core counties in the Bakken. ...

OilVoice Press - OilVoice


Posted 2 days agoOpinion > Bakken GasESAI EnergyNorth Dakota

Micro-Cap Oil & Gas Explorer's First Permian Basin Well Flowing 465 Barrels/Day

Exploration is just beginning for this oil and gas E&P with large tracts of prime land in the Permian Basin in Texas. Torchlight's Hazel Project, Midland Basin, Texas Torchlight Energy Resources Inc. (TRCH:NASDAQ) , an oil and gas exploration and production (E&P) company with rights to pro ...

OilVoice Press - OilVoice


Posted 2 days agoPress > Permian BasinTexasUnited States +3

Petrobras and ExxonMobil Form Strategic Alliance

Petrobras and ExxonMobil  have signed a memorandum of understanding regarding a strategic alliance to jointly identify and evaluate potential business opportunities. The memorandum of understanding was signed in Rio de Janeiro today by Pedro Parente, president of Petrobras, Brad Corson, president ...

OilVoice Press - OilVoice


Posted 2 days agoPress > PetrobrasExxonMobilStrategic Alliance +2
All posts from oilvoice