Hurricane’s basement fields have been shown to be much more complex than previously envisaged and the Technical Review, published on 11 Sep, has led to a 57% reduction in Lancaster’s 2P initial recoverable reserves to 16mmbbl and an 88% cut in 2C resources to 58mmbbl. Similarly, in the GWA area, Lincoln’s 2C resources have been cut by 92% to 45mmbbl gross. The main reason for the cuts is a shallower oil water contact (OWC), which means that there is a smaller tank of oil, as well as causing wate ....
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H1’20 results and Technical Review
- Published:
14 Sep 2020 -
Author:
Anish Kapadia | Jay Ashfield -
Pages:
10
Hurricane’s basement fields have been shown to be much more complex than previously envisaged and the Technical Review, published on 11 Sep, has led to a 57% reduction in Lancaster’s 2P initial recoverable reserves to 16mmbbl and an 88% cut in 2C resources to 58mmbbl. Similarly, in the GWA area, Lincoln’s 2C resources have been cut by 92% to 45mmbbl gross. The main reason for the cuts is a shallower oil water contact (OWC), which means that there is a smaller tank of oil, as well as causing wate ....