Asset Report

Lancaster

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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
    • Serica Energy to buy financially distressed Prax Group's upstream company
    • FPSO decommissioning plan approved
    • Water cut reaches 65%
    • FPSO lease contract renewed
  • Lancaster field
  • Nearby discoveries
    • 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:

  • Reserves (2P) at 01/01/2025
  • Contingent Resources (2C) at 01/01/2025
  • Production (2019-2026)
  • Production profile
  • Capital 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 Revenues
  • Cumulative Net Cash Flow - Undiscounted
  • 11 more item(s)...

What's included

This report contains:

  • Document

    Lancaster

    XLS 924.00 KB

  • Document

    Lancaster

    PDF 2.76 MB