Hurricane Energy confirms giant 300m-barrel oil find East of Shetland – with more to come

Surrey-based Hurricane Energy has published positive results of its East-of-Shetland oil finds in its Lancaster, Lincoln and Warwick fractured basement assets. These show;

  • Lancaster oil down to of 1,620m TVDSS revised to oil water contact of 1,678m TVDSS
  • Lancaster hydrocarbon column height in excess of 670m TVDSS
  • Lancaster maximum stable flow rate refined upwards to 15,375 STB/day using an ESP
  • Lincoln discovery is a separate hydrocarbon accumulation to Lancaster, separated by the Brynhild fault
  • Warwick now believed to be part of large basement feature comprising Lincoln and Warwick

The previously published minimum oil down to from the Lancaster 205/21a-7 well of 1,620m TVDSS has now been revised to a best technical case oil water contact of 1,678m TVDSS, with an associated hydrocarbon column height in excess of 670m TVDSS.

As such, Hurricane said that its previous estimate of the size of  the Lancaster field being in excess of 300 million barrels’ is conservative’.

Hurricane previously reported a flow rate of at least 14,500 STB/day in the Lancaster 205/21a-7Z well which has now been refined to a maximum stable rate of 15,375 STB/day using an ESP, following third party interpretation of the flow meter data.

The ODT in the Lincoln discovery of 2,258m TVDSS demonstrates that it is a separate hydrocarbon accumulation to Lancaster, with the Lancaster field and Lincoln discovery being separated by the Brynhild Fault Zone. The separation of Lancaster from Lincoln has no impact on the Company’s resource estimation for Lancaster.

Furthermore, the ODT at Lincoln has provided the Company with sufficient evidence to believe that the undrilled Warwick prospect is most likely part of a large basement feature comprising both Lincoln and Warwick. 

Should these interpretations be confirmed through further drilling and testing it is anticipated that a Lincoln/Warwick accumulation will be assigned a separate field status to Lancaster.

Dr Robert Trice, Chief Executive of Hurricane, explained: The updated data from the Lancaster 7 and 7Z wells reinforce our belief that the Lancaster field is substantial.

“The Lancaster CPR due at the end of Spring 2017 will quantify the resources ahead of FID for the Early Production System due at the end of H1 2017.

“We are delighted by the result of the Lincoln Well and that the Brynhild fault separates the Lincoln/Warwick single accumulation from Lancaster and Halifax.

“We now await the results of the Halifax Well which is designed to evaluate our exploration model which d escribes Lancaster and Halifax as a single hydrocarbon accumulation.”

Pixie Energy

Pixie logo Pixie Energy is an incubator and a facilitator of strategic research and project work, focusing on energy regulation, policy and markets at the local and national level. Find out more about Pixie Energy here.

Local Energy Matters: Scotland

Local Energy Matters: Scotland is a free-to-download brochure with a focus on energy tariffs in the two Scottish electricity distribution regions, as well news on local energy and low-carbon schemes.

Previous editions can be download here.

Scottish energy market overview

You can read an overview of the Scottish energy market here.

Scottish Government energy feed