Hurricane Energy is highly encouraged by flow rates from the 205 21a-7Z well.
The well achieved a sustainable flow rate using an electrical submersible pump of 14,500 stock tank barrels of oil per day with no produced formation water. The flow rate was constrained by the test equipment.
Hurricane says the horizontal sidetrack well will be suspended for use as a future producer, providing a second production well ahead of the early production system phase of development. The company anticipates making a further announcement following completion of operations.
Hurricane chief executive Dr Robert Trice said: "We are highly encouraged by this flow rate which reinforces our reservoir model and further demonstrates the production potential of the Lancaster field. I look forward to providing a further update once we complete our testing programme."
At 9:24am: (LON:HUR) Hurricane Energy Plc Ord 0.1p share price was -0.37p at 39.38p