Hurricane is all about the discovery and development of oil from fractured basement reservoirs.
Hurricane is pleased to announce the successful completion of the testing phase of its key horizontal appraisal well in the Lancaster fractured basement oil discovery West of Shetland. The well has been suspended as a future producer.
The maximum sustained oil flow rate was 9,800 stock tank barrels of oil per day (STB/d), which was constrained by the capacity of the surface test equipment. The measured well productivity index of 160 STB/d/psi demonstrates a very good quality reservoir pressure and indicates that under production conditions and a moderate 120 psi drawdown, the basement reservoir could deliver 20,000 STB/d from a single well.
Click the link for a summary of the post-well analysis.
Hurricane has 100% control of around 450 million barrels of 2C Contingent Resources across our assets, 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.
The first priority for Hurricane is the safety of our people and anyone working with us. We also ensure that any activity has minimal impact on the environment. We take positive steps to address the environmental impacts of our business operations, overseen by our Environmental Committee and managed through our fully certified Environmental Management System (NQA ISO 14001).
29 July 2015
Hurricane Energy plc, the UK-based oil and Gas Company focused on hydrocarbon resources in naturally fractured basement reservoirs, is pleased to announce that the Company has been successful in its applications for two further West of Shetland blocks in the…
15 June 2015
Investment intelligence firm, Edison, initiates research coverage of Hurricane. To view their latest research, Pioneering Fractured Basement, click here .