Offshore staff
GODALMING, U.K. — Hurricane Energy continues to receive three-monthly consents from the U.K. regulator for production from the basement Lancaster Field west of Shetland in U.K. waters.
The field development plan addendum, first approved in June 2021, allows production with a bottomhole flowing pressure up to 300 psi (20.7 bar) below the bubble point pressure of the fluid (1,605 psia at 1,240 m/4,068 ft), provided that no incremental liberated gas is produced to surface.
The well gauge pressure reached and then declined below bubble point last December, but there appears to have been no related production issues.
Hurricane continues to monitor the issue closely.
As for the Greater Warwick Area in the same region, the company and joint venture partner Spirit Energy have reassessed their understanding of the area, including the licenses’ basement and the Mesozoic potential for further appraisal and possible development.
Due to disruption caused by COVID-19, the regulator agreed to push back the Lincoln obligation well from late 2020 to June 30, 2022.
The partners have since sought a further extension beyond June 30, but the regulator has not been supportive. Hurricane has determined that further appraisal and development costs to attain economic development of Lincoln are not feasible for the company on a standalone basis.
Following discussions with Spirit, the partners have decided to surrender the Lincoln P1368(S) license sub area.
04.28.2022
