Hurricane Energy plc successfully demobilised the Transocean Sedco 712 semi-submersible drilling unit from the Lancaster horizontal appraisal well, West of Shetland, at 2100hrs on 1 July 2014. The Sedco 712 was under contract to Hurricane for 73.5 days - under the budgeted AFE of 75.9 days.

Whilst on location the drilling unit successfully drilled and tested a 1km horizontal section of the Lancaster fractured basement reservoir. The Lancaster Field, which is 100% owned by Hurricane, has estimated 2C Contingent Resources of 207 million barrels of oil equivalent (MMboe).

Tags: Hurricane Energy plc