Hurricane Energy plc (LON:HUR) shares nudged higher on Tuesday as UK oil field developer confirmed that, after failed previous attempts, it has now hooked up the Aoka Mizu floating production vessel to the Lancaster field’s infrastructure.
In a statement the company said that the vessel arrived at the field on March 17and it was hooked up to the Lancaster turret mooring system on 19 March. It is now on station and securely moored, Hurricane added.
The offshore oiler will continue to press ahead with operations to start production in the coming months.
“After first oil, Hurricane anticipates a gradual ramp-up of production towards its planned average plateau rate of 17,000 barrels of oil per day, net of operating efficiency,” Hurricane said in the statement.
In London, the share moved up 1.46p or 2.95% to change hands at 50.77p.