Hurricane has made a series of large discoveries West of Shetland in fractured basement reservoir. The company is currently implementing the Lancaster EPS development, which is to produce at 17mbbl/d for up to 10 years. This will provide cash flow, and important production data to help demonstrate the commerciality of the up to 1bn boe of resources the company has discovered. Over the next 12 months we expect development updates and a new CPR, culminating in first oil in H1 2019. We initiate

29 Nov 2017
A fair wind

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A fair wind
- Published:
29 Nov 2017 -
Author:
Daniel Slater, CFA -
Pages:
30 -
Hurricane has made a series of large discoveries West of Shetland in fractured basement reservoir. The company is currently implementing the Lancaster EPS development, which is to produce at 17mbbl/d for up to 10 years. This will provide cash flow, and important production data to help demonstrate the commerciality of the up to 1bn boe of resources the company has discovered. Over the next 12 months we expect development updates and a new CPR, culminating in first oil in H1 2019. We initiate