Hurricane Energy triples oil estimate for North Atlantic field
- Published
Oil exploration firm Hurricane Energy has tripled its estimate of recoverable oil from its Lancaster field in the North Atlantic.
The AIM-listed company said it had raised its recoverable resource estimate for the field from 200 million in a 2013 assessment to 593 million barrels.
Output from Lancaster is expected to start in the first half of 2019.
A daily production rate of 17,000 barrels is expected soon after that.
Last week Hurricane announced that it had made .
The company said one billion barrels of recoverable oil could be contained within the Greater Lancaster Area, 60 miles (97km) west of Shetland.
- Published28 March 2017
- Published23 March 2017
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