Hurricane Energy presses pause on West Shetland operations

North Sea focussed natural resources outfit Hurricane Energy has seen further delays to its planned early production system, located to the West of the Shetland Isles.

The AIM-listed firm told investors on Monday that its buoy hook-up operations had been put on hold after its previous attempts to engage the latches in the turret in order to lock the buoy into position had seen the pull-in rope fail.

Hurricane, which saw its hook-up efforts thwarted by a stuck rope in January, noted that there were no injuries to personnel or damage to the Aoka Mizu vessel after a survey of the buoy by a remotely operated underwater vehicle was able to confirm that it had returned to its starting position.

Looking forward, the Aoka Mizu will return to Cromarty Firth to await delivery of a new pull-in rope.

As of 1300 GMT, Hurricane shares had dropped 5.83% to 46.92p.