Hurricane Energy PLC Operational Update (8057H)

TIDMHUR

RNS Number : 8057H

Hurricane Energy PLC

27 March 2020

27 March 2020

Hurricane Energy plc

("Hurricane" or the "Company")

Operational Update

Hurricane Energy plc confirms that a crew member on the Aoka Mizu floating production storage and offloading vessel ("FPSO") at the Lancaster field has been evacuated to the mainland for medical reasons and subsequently tested positive for COVID-19.

The evacuated individual was transported onshore by an HM Coastguard helicopter and is now receiving medical treatment.

Hurricane is supporting Bluewater Lancaster Production (UK) Ltd ("Bluewater"), installation operator of the Aoka Mizu FPSO, with its response. Bluewater is working within the guidelines provided by NHS Scotland, Health Protection Scotland, and Oil and Gas UK in determining the next steps. Production operations at Lancaster have not been affected.

Contacts:

 
 Hurricane Energy plc                           [phone] 
  Dr Robert Trice, Chief Executive Officer       820 
 Stifel Nicolaus Europe Limited 
  Nominated Adviser & Joint Corporate Broker 
  Callum Stewart / Ashton Clanfield             [phone] 
 Morgan Stanley & Co. International plc 
  Joint Corporate Broker 
  Andrew Foster / Tom Perry / Alex Smart        [phone] 
 Vigo Communications 
  Public Relations 
  Patrick d'Ancona / Ben Simons 
  [e-mail]                       [phone] 
 

About Hurricane

Hurricane was established to discover, appraise and develop hydrocarbon resources associated with naturally fractured basement reservoirs. The Company's acreage is concentrated on the Rona Ridge, in the West of Shetland region of the UK Continental Shelf.

The Lancaster field (100% owned by Hurricane) is the UK's first producing basement field. Hurricane is pursuing a phased development of Lancaster, starting with an Early Production System consisting of two wells tied-back to the Aoka Mizu FPSO. Hydrocarbons were introduced to the FPSO system on 11 May 2019 and the first oil milestone was achieved on 4 June 2019.

In September 2018, Spirit Energy farmed-in to 50% of the Lincoln and Warwick assets, committing to a phased work programme targeting sanction of an initial stage of full field development.

Inside Information

This announcement does not contain inside information.

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March 27, 2020 03:00 ET (07:00 GMT)