Hurricane Energy's Lancaster Gets Oil Field Status
Hurricane Energy plc, the UK-based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, is pleased to announce that the UK Oil and Gas Authority has agreed to the Company's request for a field determination area for Lancaster and has granted the Company's discovery oil field status as Oil Field Number 572. This represents the first step in progressing the submission of the Lancaster early production system (EPS) field development plan (FDP).
A map displaying the field determination area is available for viewing in the news section of the Company's website at www.hurricaneenergy.com.
Dr Robert Trice, Chief Executive, commented, "I'm delighted that the Oil and Gas Authority has granted Lancaster oil field status which is an important step in progressing to first oil from Lancaster. Furthermore, the granting of oil field status for Lancaster helps the partitioning of Hurricane's other discoveries and prospects that sit within Licence P1368."