Hurricane Energy CEO Trice resigns as group struggles with output
Hurricane Energy CEO Trice resigns as group struggles with output
Robert Trice, the Chief Executive of North Sea oil producer Hurricane Energy, resigned, the group said on Monday after it had to give up its ambition to sustainably produce around 20,000 barrels per day and shut one of its pilot wells.
Trice was a proponent of the so-called fractured basement method, which involves recovering oil from fractures in hard and brittle rock, which some see as a risky way to obtain crude...