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Press Release03rd Sep 2018

Spirit Energy’s investment in Hurricane’s West of Shetland assets welcomed by industry

Commenting on Spirit Energy’s decision to farm-in to 50% of Hurricane Energy’s Greater Warwick Area (GWA) licenses, Mike Tholen, Oil & Gas UK’s upstream policy director, said:

“The west of Shetland, known as the ‘frontier’ region, has the greatest potential to expand current production. By acquiring a significant stake in these assets, Spirit Energy is demonstrating its confidence both in the basin’s growing competitiveness and the opportunities it continues to offer investors.”

 

More information available here .

 

ENDS

 

Notes to Editors

  • Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry. Its membership comprises oil and gas producers and contractor companies.

 

  •     Issued by the Communications Team, Oil & Gas UK. Contact Lucy Gordon on 01224 577331 / [email protected]