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Hurricane Energy PLC - Operational Update

RNS Number : 8057H
Hurricane Energy PLC
27 March 2020
 

27 March 2020

Hurricane Energy plc

 

("Hurricane" or the "Company")

 

Operational Update

 

Hurricane Energy plc confirms that a crew member on the Aoka Mizu floating production storage and offloading vessel ("FPSO") at the Lancaster field has been evacuated to the mainland for medical reasons and subsequently tested positive for COVID-19.

 

The evacuated individual was transported onshore by an HM Coastguard helicopter and is now receiving medical treatment.

 

Hurricane is supporting Bluewater Lancaster Production (UK) Ltd ("Bluewater"), installation operator of the Aoka Mizu FPSO, with its response. Bluewater is working within the guidelines provided by NHS Scotland, Health Protection Scotland, and Oil and Gas UK in determining the next steps. Production operations at Lancaster have not been affected.

 

Contacts: 

 

Hurricane Energy plc

Dr Robert Trice, Chief Executive Officer

 

+44 (0)1483 862 820

Stifel Nicolaus Europe Limited

Nominated Adviser & Joint Corporate Broker

Callum Stewart / Ashton Clanfield

 

+44 (0)20 7710 7600

Morgan Stanley & Co. International plc

Joint Corporate Broker

Andrew Foster / Tom Perry / Alex Smart

 

+44 (0)20 7425 8000

Vigo Communications

Public Relations

Patrick d'Ancona / Ben Simons

[email protected]

+44 (0)20 7390 0230

 

About Hurricane

 

Hurricane was established to discover, appraise and develop hydrocarbon resources associated with naturally fractured basement reservoirs. The Company's acreage is concentrated on the Rona Ridge, in the West of Shetland region of the UK Continental Shelf.

The Lancaster field (100% owned by Hurricane) is the UK's first producing basement field. Hurricane is pursuing a phased development of Lancaster, starting with an Early Production System consisting of two wells tied-back to the Aoka Mizu FPSO. Hydrocarbons were introduced to the FPSO system on 11 May 2019 and the first oil milestone was achieved on 4 June 2019.

In September 2018, Spirit Energy farmed-in to 50% of the Lincoln and Warwick assets, committing to a phased work programme targeting sanction of an initial stage of full field development.

Inside Information

 

This announcement does not contain inside information.


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Quick facts: Hurricane Energy PLC

Price: 6.645

Market: LSE
Market Cap: £132.36 m
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