Dr. Robert Trice, Hurricane’s CEO, said: “With funding and regulatory approvals in hand, we can now fully focus on delivering the project within the target timeline of first oil in 1H 2019.
“The Lancaster EPS is not only an essential step in planning for the full field development of the company’s Rona Ridge assets, but also represents a substantial development in its own right, with planned production of 17,000 b/d of oil.
“I would like to thank the Oil & Gas Authority, the Department for Business, Energy & Industrial Strategy, and the Health & Safety Executive for their support in our achieving the first approval of a field development plan for a UK basement field. This is an important step in demonstrating the potential of basement west of Shetland and in the UKCS [continental shelf] more generally.”
