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
Also in this section
27 March 2024
Oil producers have to untangle the increasingly complicated relationship with their natural resources
26 March 2024
Strategic stocks have become as much a market management tool as a security of supply buffer, and this new tactic is likely to continue beyond the next election
25 March 2024
Low carbon intensity and sizeable projects such as Johan Castberg coming onstream in late 2024 suggest a robust outlook at least until 2030
22 March 2024
And the outlook for the country’s upstream appears to have improved following legal setbacks in 2023