Hurricane’s strategy is to create shareholder value through monetising the reserves and resources associated with naturally fractured basement reservoirs within its portfolio .
Narrow range of reserves and resources using knowledge of UKCS basement reservoirs.
|Hurricane was the first company to target fractured basement in the UK and has made a number of discoveries.|
|Strategy||Convert resources to reserves to maximise value ascribed by the market and industry.|
|Approach||Hurricane’s discoveries have been assigned contingent resources by third-party reserve consultant, ERC Equipoise. Contingent resources describe the potential recoverable volume of a discovery, being converted to reserves with an associated development plan.|
|Strategy||Generate data needed to plan future development phases whilst producing cash flow to maintain portfolio progress.|
|Approach||Full field development stages require production data for efficient planning. Early production systems deliver this whilst generating cash flow to fund future stages and broader work.|
|Underpinning our strategy||
Hurricane has an integrated health, safety and environmental management system certified to ISO 14001 and is working towards ISO 45001.
Risk management and aspects and impacts management form the basis of our decision making when undertaking business and/or safety critical activities. Hurricane has embedded its risk management processes into business operations to ensure key decisions and risks continue to be kept under review, with corrective measures taken when required.
Hurricane’s expertise lies in identifying, appraising and developing naturally fractured basement reservoirs.
Basement reservoir expertise
- Technically driven
- Uniquely basement reservoir focussed
- Appropriate contractor structures
- Experienced knowledge base
- Positive engagement with regulators
- Progress assets to a stage where value is unlocked
- Maximise net obtainable reserves by maintaining meaningful licence interests
- Remain deal-ready at both operational and corporate levels
Commitment to responsibility
- Prioritise health, safety and the environment
- Do things the right way without compromise