widget/exchange-29
widget/exchange-30widget/exchange-33
widget/exchange-31

News / Hurricane triples Lancaster estimate

HURRICANE Energy says it now estimates there is three times the amount of oil in its Lancaster field west of Shetland than previously thought.

In a presentation released on Friday, the oil company said it now believes there could be as much as 593 million barrels of recoverable oil in the field.

This in contrast to the previous figure of 200 million, which came from an assessment carried out in 2013. Hurricane expects to start producing oil from Lancaster in 2019.

Earlier this month the oil exploration company revealed the discovery of a one-kilometre hydrocarbon column at the Halifax well, which is linked to the existing Lancaster field.

The company said the region, which is known as the greater Lancaster area and located 60 miles west of Shetland, could produce over one billion barrels of oil.

Become a member of Shetland News

Shetland News is asking its readers to consider paying for membership to get additional perks:

  • Removal of third-party ads;
  • Bookmark posts to read later;
  • Exclusive curated weekly newsletter;
  • Hide membership messages;
  • Comments open for discussion.

If you appreciate what we do and feel strongly about impartial local journalism, then please become a member of Shetland News by either making a single payment, or setting up a monthly, quarterly or yearly subscription.

 
Categories
widget/exchange-62widget/exchange-53widget/newsletter_form_widget-3widget/exchange-63widget/pd_widget-6widget/exchange-54widget/pd_widget-8widget/exchange-55widget/pd_widget-9widget/exchange-56

JavaScript Required

We're sorry, but Shetland News isn't fully functional without JavaScript enabled.
Head over to the help page for instructions on how to enable JavaScript on your browser.

Interested in Notifications?

Get notifications from Shetland News for important and breaking news.
You can unsubscribe at any time.

Have you considered becoming a member of Shetland News?

  • Removal of third-party ads;
  • Bookmark posts to read later;
  • Exclusive curated weekly newsletter;
  • Hide membership messages;
  • Comments open for discussion.