Hurricane Exploration plc (“Hurricane”), an oil exploration company focused on hydrocarbon resources in fractured basement reservoirs, announces that it has appointed EPC Offshore to select the optimum concept for the development of Hurricane’s Lancaster discovery, one of the most significant oil discoveries in the West of Shetlands in recent years.
Hurricane has a 100 per cent holding in Lancaster and has a CPR indicating mid-case Contingent Resources of over 200 million barrels of recoverable oil.
The first phase of the project is expected to run until the end of the year with front-end engineering design commencing in 2013. EPC has provided a team to work with Hurricane’s staff at its offices to develop the Field Development Plan.
Keith Kirby, Hurricane’s Chief Communications Officer, said, “we are delighted to be working with the EPC team. EPC’s professionalism and expertise is invaluable in the development planning for Lancaster. It’s great to see them integrating into our Eashing office so quickly and working closely with us. This is an important step in Hurricane’s development strategy.”
Hurricane Exploration, March 19, 2012