Hurricane Energy’s Lancaster asset, located west of Shetland, has received an oil field status.
The UK-based oil and gas exploration company, said on Thursday that the UK Oil and Gas Authority (OGA) had agreed to the company’s request for a field determination area for Lancaster.
According to Hurricane, the OGA has granted the company’s discovery oil field status as Oil Field Number 572.
The company says that this represents the first step in progressing the submission of the Lancaster early production system (EPS) field development plan (FDP).
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.”