Hurricane has 100% control of around 450 million barrels of 2C Contingent Resources across, all located within the UK Continental Shelf. Our Competent Person's Report provides an independent and comprehensive assessment of what Hurricane has discovered on some large geological structures.
3D view of the Rona Ridge Top Basement depth surface, highlighting Hurricane’s P1368 and P2294 basement assets
The West of Shetland is a proven petroleum basin already benefiting from the Clair, Foinaven and Schiehallion producing oil fields and represents an area which contains an estimated 17% of the UK's remaining hydrocarbon reserves. It is an area of high exploration activity attracting several companies working across many licences. At Hurricane, we believe that the area remains under explored for oil and that new exploration concepts are required to unlock its remaining potential.
Types of Resources
For a clear definition of Contingent and Prospective Resources and Reserves, please click here.