Hurricane Energy today confirmed it poised to drill back-to-back West of Shetland wells.
The UK-based oil and gas company has exercised its option over the Transocean Spitsbergen drilling rig to spud its Halifax prospect immediately after completion of its Lincoln well.
“The recently drilled Lancaster Pilot well (205/21a-7) encountered a minimum oil down to (ODT) of 1,620m TVDSS, indicating that the Lancaster oil accumulation is likely to extend beyond the Lancaster licence boundary,” a statement read.
“The company believes that if mobile oil can be demonstrated outside of local structural closure at Halifax, then the Lancaster Field could extend further North East along the Rona Ridge.”
A previous well (205/23-2) drilled on the Halifax structure encountered oil and gas shows in sandstones immediately above the basement.
Hurricane energy company was founded in 2005 by Robert Trice with the backing of private investors.
It believes fractured basement reservoirs represent a significant untapped resource.
All but one of its assets are basement prospects.
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