Hurricane Exploration hits pay West of Shetlands

A well on the Lancaster basement prospect in block 205/21a, West of Shetlands, has hit pay, according to operator Hurricane Exploration.

Offshore staff

ALTON, UK -- A well on the Lancaster basement prospect in block 205/21a, West of Shetlands, has hit pay, according to operator Hurricane Exploration. The well encountered hydrocarbons below the originally mapped structural closure and flowed light oil of 34° - 39.2° API, the company says.

The target basement reservoir zones were fractured and permeable. The well is suspended for further testing/appraisal.

This is the first time a basement reservoir has been planned and drilled as an exploration target in the UKCS, the company says. Hurricane believes the well represents the first confirmation of significant volumes of light oil in the West of Shetlands.

“We are delighted that the Lancaster discovery has validated our geological model regarding this prospect,” says Dr. Robert Trice, chief executive and exploration director for Hurricane Exploration. “The existence of light oil in the Lancaster reservoir not only significantly de-risks our other basement prospects, but is also extremely positive news for West of Shetlands exploration.”

10/27/2009

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