Robert Trice, CEO of Hurricane Energy, discusses how the company has amassed over two billion barrels of oil equivalent in 2P reserves and 2C resources and is on track to deliver first oil from the Lancaster early production system (EPS) in H119. Robert describes Hurricane’s recent deal with Spirit Energy, which accelerates the de-risking of the company’s Rona Ridge asset base, both in terms of the Greater Warwick Area (GWA) resource and the ability to focus Lancaster EPS cash flows on fast-track appraisal of the Greater Lancaster Area (GLA) resource base. Lastly, he discusses the outlook for 2019 including upcoming exploration and appraisal activity.
Hurricane Energy is an E&P focused on fractured basement exploration and development in the West of Shetland region of the UKCS. The company’s 100%-owned Lancaster oil discovery (523mmbbl 2P reserves + 2C resources) is targeting first oil in H119.