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Operational Update

6th Apr 2023 07:00

RNS Number : 5607V
Hurricane Energy PLC
06 April 2023
 

6 April 2023

 

Hurricane Energy plc

 

("Hurricane" or the "Company")

 

Operational Update

 

Hurricane Energy plc, the UK based oil and gas company, provides an update on its Lancaster field operations as of 31 March 2023.

 

Lancaster Field Operations Update

 

The following table details production volumes, water cut and minimum flowing bottom hole pressure for the 205/21a-6 ("P6") well during March 2023.

 

March 2023 Lancaster Field Data

 

P6

P7z(1)

Oil produced during the month (Mbbls)

238

-

Average oil rate (bopd)

7,672

-

Water produced during the month (Mbbls)

260

-

Average water cut(2)

52%

-

Well gauge pressure (psia)(3)

1,498

-

1. The 205/21a-7z ("P7z") well was not on production during March 2023

2. Expressed as total water produced divided by total fluid (oil and water) production

3. Pressure reported is the monthly minimum from well downhole gauges.

 

As of 2 April 2023, Lancaster was producing c.7,530 bopd from the P6 well alone with an associated water cut of c.53%. At that time the FPSO held c.335,000 barrels available for lifting. The next cargo is anticipated to be lifted in late April 2023.

 

-ends-

 

Contacts: 

 

Hurricane Energy plc

Antony Maris, Chief Executive Officer

[email protected]

 

+44 (0)1483 862820

Stifel Nicolaus Europe Limited

Nominated Adviser & Joint Corporate Broker

Callum Stewart / Jason Grossman

 

+44 (0)20 7710 7600

Investec Bank plc

Joint Corporate Broker

Chris Sim / Jarrett Silver / Charles Craven

+44 (0)20 7597 5970

 

Vigo Consulting

Public Relations

Patrick d'Ancona / Ben Simons

[email protected]

 

+44 (0)20 7390 0230

About Hurricane

 

Hurricane has a 100% interest in and operates the Lancaster field, the UK's first field to produce from a fractured basement reservoir.

 

Visit Hurricane's website at www.hurricaneenergy.com

Glossary

bopd

Barrels of oil per day

FPSO

Floating production storage and offloading vessel

Mbbls

Thousand barrels

psia

pounds per square inch absolute

 

Inside Information

 

This announcement does not contain inside information.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
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