Hurricane Energy is pleased to announce that it has taken assignment of a rig contract between Transocean and ATP for the provision of the GSF Arctic III semi-submersible drilling rig, for a one well slot, to be utilised in drilling and testing the Company’s Lancaster basement oil discovery.
Drilling is expected to commence in the summer of 2013.
SPD has been contracted to provide well construction and project management services during the drilling campaign.
The Lancaster discovery was made in 2009 and further tested in 2010. Hurricane’s Competent Person’s Report, prepared by RPS Energy Consultants, allocates 2C recoverable Contingent Resources of 207 MMboe to Lancaster. The discovery is located across blocks 205/21a, 205/22a and 205/26b West of Shetland on Frontier Licence P1368. The Licence is held 100% by Hurricane.
Neil Platt, Hurricane’s COO commented: “This is a significant milestone for Hurricane as we look to progress our work on the Lancaster asset and refine our approach to how it will be developed. This well, therefore, is an important one for the company, so we are delighted to have signed up the GSF Arctic III. We look forward to working with both Transocean and SPD in the coming months to deliver a safe and successful operation.”
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