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Hurricane Energy confirms FPSO works on track to deliver Lancaster start-up on time

Published: 07:57 12 Dec 2017 GMT

Oil rig workers
“Operations remain on schedule for planned first oil in H1 2019," said CEO Dr Robert Trice

Hurricane Energy Plc (LON:HUR) has followed up yesterday’s massive resource upgrade with an operations update confirming that it remains on track for first production from the Lancaster oil field during the first half of 2019.

It comes ahead of an analyst site visit to Dubai where the Aoka Mizu floating production, storage and offloading (FPSO) vessel (which is contracted to the project) is dry-docked for upgrade works.

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The UK offshore oil firm noted that the FPSO arrived in Dubai in September. Repair, upgrade and life extension works are being carried out on the FPSO, alongside fabrication work for an associated buoy that will be connected to the FPSO’s turret mooring system.

"We are pleased to provide an update on operations in Dubai, which are critical components of the Lancaster EPS,” said Dr Robert Trice, Hurricane chief executive.

“Operations remain on schedule for planned first oil in H1 2019 and I look forward to showing analysts this progress."

Hurricane said that the first phase of work had been completed, this included removal of a thruster for overhaul, outer hull surveys, replacement of a number of sea valves, and installation of new bilge keels. Initial tank inspections and cleaning have also taken place.

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Meanwhile, the buoy structure is said to be taking shape and the buoy locking ring has arrived from fabricator and is being installed.

All critical components for the mooring are now undergoing fabrication and the first of the 12 chains has been completed.

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