Asset Report
Lancaster
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The Lancaster field is located 115 kilometres west of Shetland. It lies on the same geological trend as the giant Clair field, but is a fractured basement field which was a new play type for the UK.Shell discovered Lancaster in 1974 before Hurricane Energy appraised the field between 2009 and 2017. Hurricane took FID in September 2017 and produced first oil within two years, in June 2019. It was designed as an Early Production System (EPS) to initially target 16 million barrels of oil ...
Table of contents
- Summary
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Key Issues
- Serica Energy buys financially distressed Prax Group's upstream company
- FPSO decommissioning plan approved
- Water cut reaches 65%
- FPSO lease contract renewed
- Lancaster field
- Nearby discoveries
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Early Production System
- Contractors
- Full field development
- Capital costs
- Decommissioning costs
- Operating costs
- Cash flow
- Global Economic Model (GEM) file
- Cash Flow
Tables and charts
This report includes the following images and tables:
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Reserves (2P) at 01/01/2026Contingent Resources (2C) at 01/01/2026Production (2019-2026)
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Production profileCapital Costs 2016 to 2025 (£ million)Capital Costs 2027 to 2028 (£ million)Operating Costs 2019 to 2025 (£ million)Cash Flow (US$)PV Table (US$)Summary Table (US$)Split of RevenuesCumulative Net Cash Flow - Undiscounted
- 11 more item(s)...
What's included
This report contains:
