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Drilling & production - 25 May 2021

Hurricane Energy posts loss of US$625.3 million

The loss includes impairment charges totalling US$567.1 million in respect of the Lancaster field, West of Shetland, and the company’s exploration assets and an associated deferred tax write-off of US$54.2 million.


Santos begins infill drilling programme offshore Timor-Leste

The programme comprises three production wells and will develop additional natural gas and liquids reserves, extending the life of the Bayu-Undan field as well as production from the offshore facilities and the Darwin LNG plant.