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Hurricane may be sitting on ‘largest undeveloped discovery’ in North Sea
1,156m oil column
Oil explorer Hurricane Energy (HUR:AIM) brings its latest drilling efforts in the area of the North Sea to the West of Shetland to a successful conclusion by finding a 1,156m oil column with its Halifax well.
The company says the results support its contention that the existing Lancaster discovery and this latest find are part of the same accumulation of oil, dubbing it the Greater Lancaster Area.
On this basis chief executive Robert Trice says it would be ‘the largest undeveloped discovery’ in the UK North Sea.