Update: Adding to the basement portfolio
Hurricane continues to progress farm-out discussions as it seeks to develop its 207mmboe fractured basement Lancaster discovery. In September, Lancaster was awarded oil field status that, together with the subdivision of its licence, should enhance Hurricane’s farm-out options. Meanwhile, the award of two further blocks in the 28th Offshore Licensing Round adds the Warwick prospect to the portfolio as well as an extension of the existing Lincoln prospect. Considered to be analogous to Lancaster, these prospects are within tie-back distance of the planned Lancaster Early Production System (EPS) and provide an opportunity for further development of the basement play.Hurricane Energy is engaged in the exploration of oil and gas reserves principally on the U.K. continental Shelf. Co.'s acerage is focused on the Rona Ridge, West of Shetland.
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