Hurricane Energy buoyed by post-well analysis results
British oil and gas company Hurricane Energy has announced it has completed post-well data analysis after successfully testing one of its appraisal wells.
The horizontal well, labelled 205/21a-6, is 1km long and was tested in the second quarter of 2014 at the company’s Lancaster oil discovery west of Shetland.
The company said the well was ideally located to benefit from a highly connected fault and fracture network and an underlying 300m oil column.
“The key metrics related to oil productivity are even better than expected providing us with further encouragement regarding the productive potential of Lancaster and our other basement assets,” said group chief executive Robert Trice.
"Such a level of productivity means that an early phase of field development and commercial production could be initiated with the addition of only one more horizontal well.”
The company said the reservoir could deliver single well rates of 20,000 standard barrel a day, a figure which is well ahead of initial expectations.