Stock Market News
Hurricane launches early production system at Lancaster asset
Oil and gas company Hurricane Energy provided investors with an update on its early production system at the Lancaster Fields project on Wednesday.
The offshore installation phase of the Lancaster EPS development was launched when Hurricane completed the installation of its 'enhanced horizontal Xmas tree' drilling technology on its two existing wells.
An offshore construction vessel successfully landed and secured both Xmas trees and is now scheduled to demobilise.
Hurrican noted that additional logistical work was set to take place at the field ahead of the turret mooring system's installation.
Chief executive Robert Trice said, "I'm delighted to see the start of the installation phase of the project with activity beginning to take place offshore. All workstreams are proceeding well; we remain on budget and on schedule for first oil in H1 2019."
As of 0850 BST, shares had grown 2.39% to 0.58p.
The offshore installation phase of the Lancaster EPS development was launched when Hurricane completed the installation of its 'enhanced horizontal Xmas tree' drilling technology on its two existing wells.
An offshore construction vessel successfully landed and secured both Xmas trees and is now scheduled to demobilise.
Hurrican noted that additional logistical work was set to take place at the field ahead of the turret mooring system's installation.
Chief executive Robert Trice said, "I'm delighted to see the start of the installation phase of the project with activity beginning to take place offshore. All workstreams are proceeding well; we remain on budget and on schedule for first oil in H1 2019."
As of 0850 BST, shares had grown 2.39% to 0.58p.
Related share prices |
---|
Hurricane Energy (HUR) share price |
Stock News headlines are gathered from financial news sources around the web. Views and opinions on each item are from their respective authors and website. They are not opinions of LiveCharts.co.uk
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- Top Large UK Shares
- UK Market Sectors
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Royal Mail share price
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Santander share price
- NEXT share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways
- Centrica share price
- Tesco share price
- Taylor Wimpey Share Price
- National Grid
- GKP Share Price
- Marks and Spencer
- Rolls Royce
- Rio Tinto
- THG Share Price
- Aviva Share Price
- Boil Share price
- Easyjet Share Price
- Genedrive Share Price
- SSE Share Price
- IAG Share Price
- Boohoo share price
- HE1 share price
- AVCT share price
- BOOM share price