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Hurricane Energy Shares Fall As Pull-In Rope Fails During Operations

4th Feb 2019 08:59

LONDON (Alliance News) - Hurricane Energy PLC on Monday said a pull-in rope failed during a buoy hook-up operation at the Lancaster field, west of Shetland on Saturday.

The oil & gas company said there were no injuries to personnel or damage to the Aoka Mizu vessel, which is now returning to the Cromarty Firth in Scotland to await delivery of a new pull-in rope.

The Aoka Mizu was designed and built by Bluewater Energy Services for operation as a floating production, storage and offloading unit in harsh environmental conditions.

Meanwhile, a survey of the buoy by a remotely operated underwater vehicle confirmed that it has returned to its starting position and is not damaged.

Hurricane Energy shares were trading 6.3% lower early on Monday at 46.66 pence each.


Related Shares:

HUR.L
FTSE 100 Latest
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Change53.53