Hurricane Energy has started drilling its latest well west of the UK North Sea's Shetland region.
Known as Lincoln well, it is situated about 9km from Lancaster.
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The well will explore a basement prospect that shares a similar structure with the large Lancaster field.
Transocean Spitsbergen discovered Lancaster oilfield, and conducted the latest probe – 205/26b-A at the site.
It is estimated that the site holds approximately 200 million barrels of oil, reported Upstreamonline.com.
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Hurricane was quoted by the website as stating that a successful find at Lincoln 'could deliver significant incremental value via tieback to a Lancaster development hub in a subsequent phase of development of the Greater Lancaster Area'.
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By GlobalDataThe explorer also plans to dig a well at the Warwick prospect, but it may get substituted by the similar Rona Ridge prospect.
The firm has full interest in this find, and plans to publish a resource update in early 2017. This update will include the recent results at Lancaster.
Hurricane Energy also intends to make use of a leased or relocated floating production, storage and offloading vessel at the field.
The firm plans for an early production system expected to be online by 2019.
