Hurricane’s strategy is to create shareholder value through monetising the significant reserves and resources associated with the naturally fractured basement reservoirs within its portfolio through exploration, appraisal and development.


Generate data needed to plan future development phases whilst producing cash flow to maintain portfolio progress.

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 programmes. 

Latest progress and outlook
  • Lancaster EPS first oil target of H1 2019 maintained following completion of FPSO upgrade and offshore installation works
  • Targeting first oil from GWA tie-back and gas export in Q4 2020 
  • Debottlenecking Aoka Mizu to raise throughput capacity from 30,000 bopd to 40,000 bopd by the end of 2020

Convert resources to reserves to maximise value ascribed by the market and industry.

Hurricane’s discoveries have been assigned significant contingent resources by third party reserve consultant, RPS Energy. Contingent resources describe the potential recoverable volume of a discovery, being converted to reserves with an associated development plan. Hurricane is therefore maximising near-term reserve growth with early production systems to be followed by phased full field developments.

Latest progress and outlook
  • Focussed on execution of the Lancaster EPS development throughout 2018
  • Delivered Lancaster EPS development to schedule, as first laid out in 2016
  • Now pursuing a path to development of the GWA, following the Spirit deal which aims to unlock initial reserves of half a billion barrels (gross) from current resources
  • Building on the Lancaster EPS, Hurricane intends to submit a plan to the regulator addressing a full field development for the Lancaster field by 2024

Narrow range of reserves and resources using unparalleled knowledge of UKCS basement reservoirs.

Hurricane was the first company to target fractured basement in the UK and has discovered over 2.6 billion barrels of oil equivalent within its Rona Ridge portfolio. Maintaining momentum across the portfolio will help to achieve value for the maximum number of barrels of resources, whether through analysis of production data or drilling further wells to explore or appraise other areas.

Latest progress and outlook
  • Drill-ready philosophy allowed 2019 well timing to be locked in with signing of Transocean Leader contract on closing of Spirit farm-in
  • 2019 wells to evaluate 935 mmboe prospective resource on the Warwick structure and further de-risk 604 mmboe contingent resources at Lincoln
  • Spirit deal includes full carry of 2019 wells and potential additional GWA wells in 2020; planning is underway
  • Lancaster EPS start-up sequence designed to maximise early generation of data


Business model and strategy above is as described in Hurricane's 2018 annual report.

Our key strengths

Hurricane’s expertise lies in identifying, appraising and developing naturally fractured basement reservoirs.

Basement reservoir expertise

  • Technically driven
  • Uniquely basement reservior focussed

Operational excellence

  • Appropriate contractor structures
  • Experienced knowledge base
  • Positive engagement with regulators

Value focus

  • 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