The UK Oil and Gas Authority (OGA) has approved a subdivision of Licence P1368, West of Shetland, into four subareas to Hurricane Energy, the UK-based oil and gas company.
The Licence P1368 was divided as follows: P1368 Central – containing the Lancaster basement discovery; P1368 North – containing the Whirlwind basement discovery; P1368 South – containing the Lincoln basement prospect; P1368 Southwest – containing the Strathmore sandstone discovery.
The licence contains blocks 204/30a, 205/21a, 205/22a, and 205/26b.
Additionally, the OGA has granted a two year extension on its requirement for the drilling of an exploration well on the Lincoln basement prospect, located in Block 205/26b in P1368 South, until December 31, 2019.
Dr Robert Trice, Chief Executive, commented: “The licence subdivision is a further important step in the progression of Hurricane’s assets as it provides greater flexibility as we progress the options to farm-down our interests in discoveries or prospects within the original P1368 licence.”