Flaring risk for Hurricane

Too much gas could accelerate decommissioning of key remaining asset

Troubled UK oil producer Hurricane Energy could be facing a potentially terminal headache on its Lancaster oilfield, an analyst has warned. The firm continues to report relatively positive production news from Lancaster. In October, it produced a mean of 10,420bl/d with an average water cut of 37pc. The figures were “above the company's previous expectations for the month” due to better-than-expected uptime on the floating production storage and offloading (FPSO) vessel. As of 14 November, Lancaster was producing c.10,150bl/d from Lancaster’s P6 well, with an associated water cut of c.37pc. But “analysis of the most recent trends indicates that the bubble point is now anticipated between lat