Hurricane Energy Says U.K. Authority Approved Field Development Plan Amendment
June 17 2021 - 04:09AM
Dow Jones News
By Adria Calatayud
Hurricane Energy PLC said Thursday that it has received approval
from the U.K. Oil and Gas Authority for an amendment to its
development plan for the Lancaster offshore field, meeting a key
condition for a financial restructuring.
The London-listed oil-and-gas company said the
approval--together with associated production, flare, and vent
consents--will give it flexibility to manage the field. The initial
consent is for the three months to Sept. 15, the company said.
"This approval, whilst not having any immediate impact on the
reservoir performance of the Lancaster field, will assist with
longer-term reservoir management, enabling us to optimize the
field's performance," Chief Executive Antony Maris said.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
June 17, 2021 03:56 ET (07:56 GMT)
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