Hurricane Energy’s FPSO vessel has been connected to the group’s North Sea Lancaster oil field on March 19, another milestone for the group as it seeks to extract so-called fractured basement oil in Britain.
Hurricane specializes in recovering oil from fractures in hard and brittle rock known as fractured basement reservoirs, which some see as a risky way to obtain crude.
“The Aoka Mizu FPSO arrived at the Lancaster field on 17 March 2019 and successfully hooked up to the turret mooring system buoy on the morning of 19 March 2019. The vessel is now on station and securely moored,” Hurricane said.
A rope getting snagged in January had delayed progress.
Hurricane has targeted first oil from its Greater Lancaster Area project, west of Scotland’s Shetland Islands, in the first half of 2019. Any progress towards that is closely watched by the market.
“After first oil, Hurricane anticipates a gradual ramp-up of production towards its planned average plateau rate of 17,000 barrel of oil per day.”
There is currently no fractured basin field in production in Britain. Lundin Petroleum in August announced good productivity from a fractured reservoir in the Norwegian North Sea.
Together with its Greater Warwick Area project, Hurricane aims to add net reserves of 750 million barrels to its portfolio.
Halliburton Labs will accelerate the growth of innovative, early-stage companies by providing access to Halliburton’s lab facilities, technical expertise and business network.
Technology-driven partnership brings together the complementary expertise of the two companies to capture carbon at LafargeHolcim’s cement plants and store it using Schlumberger technologies.
Emerson and Repsol have established a strategic alliance to deliver advanced subsurface geophysical technologies to significantly reduce the time to prospect and produce first oil, the companies said on March 12.