Hurricane Energy's Lancaster field 'generates first revenue'

UK-based oil and gas firm Hurricane Energy has announced that it’s first lift from the Lancaster field has “generated first revenue”.

In an operational update concerned with early production, Hurricane confirmed that it had sold first cargo from Lancaster, which was “marketed by BP”.

It was was lifted from the Aoka Mizu FPSO by the Amundsen Spirit shuttle tanker.

The cargo was marketed by BP Oil International Limited, pursuant to the offtake agreement.

Robert Trice, Chief Executive of Hurricane, said: “First lifting from the Lancaster EPS marks the generation of Hurricane’s first revenue.

“We are now building the cash flow necessary to invest in the further appraisal and development of Hurricane’s basement assets.”

Mr Trice hailed first oil from Lancaster earlier this month, claiming it had become the UK’s “first producing fractured basement field”.

The start-up phase on the Aoka Mizu floating production, storage and offloading vessel was completed with a 72-hour production test.

The field’s two production wells reached and maintained the target output rate of a combined 20,000 barrels of oil per day.

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Craigmill, Pitcaple, Inverurie, Aberdeenshire, United Kingdom, AB51 5HP
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