Hurricane Exploration light oil discovery
Posted: 27 October 2009
Hurricane Exploration plc has discovered light oil at its Lancaster basement prospect in Block 205/21a, West of Shetlands.
Hurricane has a 100 per cent interest in the licence block. Although the discovery is potentially very significant, data gathered during drilling, logging and production testing requires further analysis before estimates of potential reserves and productivity can be determined.
"We are delighted that the Lancaster discovery has validated our geological model regarding this prospect," said Dr. Robert Trice, Chief Executive and Exploration Director of Hurricane Exploration.
"The existence of light oil in the Lancaster reservoir not only significantly de-risks our other basement prospects but is also extremely positive news for West of Shetlands exploration. We have clearly taken huge strides forward with this well but further testing and/or drilling operations will be required before we can confirm the discovery’s true commercial potential."
This is the first time a basement reservoir has been planned and drilled as an exploration target in the UKCS and it demonstrates the validity of Hurricane’s geological model and view that basement reservoirs are a target for oil exploration in the UK.
It is also believed to be the first confirmation of significant volumes of light oil in the West of Shetlands.
The Lancaster operation was successfully completed to the highest standards of health, safety and environmental protection which is testament to the professionalism and successful team work undertaken by Hurricane, Senergy (drilling services) and Dolphin Drilling (rig operator).
Efforts to carry out a comprehensive production test were curtailed due to malfunctioning test equipment and inclement weather.
Hurricane is in the process of embarking on a thorough evaluation of the wealth of data gathered during the drilling, logging and incomplete testing operations of this well.
The preliminary results are extremely encouraging and Hurricane intends to return to the Lancaster prospect in 2010 to re-enter the Lancaster well to undertake an extended well test, or drill an appraisal well.
Posted by Richard Price, Editor, EnergyME.com
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