Falklands’ Rockhopper plans two new wells and is discussing a “Discovery Area”
The Falklands Rockhopper Exploration (AIM: RKH) exploration company ratified Monday its full commitment to oil exploration in the Islands waters on announcing an agreement to increase the number of drilling options, further 3D seismic surveying and discussions with the Falklands’ government for the declaration of a Discovery Area where it stuck oil earlier this year.
Rockhopper said it had entered into an agreement to take up two optional drilling slots (beginning January 2011) under the original rig contract between Desire Petroleum plc and Diamond Offshore Drilling, owners of the Ocean Guardian drilling rig. The company is also in discussions to take up further well slots on the Ocean Guardian.
“We are delighted to have secured the use of the Ocean Guardian for a further two wells and we are in discussions to secure further drilling slots. We expect to undertake a significant drilling programme during 2011, including a number of appraisal and exploration wells designed to refine our understanding of our northern licences” said Sam Moody, Chief Executive of Rockhopper.
Furthermore “Rockhopper is in discussions with the Falkland Islands Government regarding the declaration of a Discovery Area which is likely to encompass the southern lobe of the Sea Lion fan where the Sea Lion discovery well, 14/10-2 was drilled earlier during 2010”, said the official release.
Outside the proposed Discovery Area, on the northern lobe of the Sea Lion fan system and eight kilometres from the Sea Lion discovery well, Rockhopper said that next January it will spud a new exploration well (14/10-3).
“The well will also target deeper sands, including S2, which the Company has mapped following the Sea Lion oil discovery earlier this year. S2 has a newly-identified reservoir feeder system and a total area currently mapped of 42 square kilometres” added the release pointing out that the well is located down-dip to the main part of the S2 fan and should “provide valuable reservoir information”.
The S2 fan is mapped on the existing Rockhopper 3D seismic and sits entirely within 100% held Rockhopper acreage.
However the second well, 14/10-4, is currently planned as an appraisal well, within the proposed Sea Lion Discovery Area on the southern Lobe of the Sea Lion fan system, “the timing of which is subject to the order of drilling slots as yet to be determined”.
Rockhopper says it has identified a number of other potential drilling locations which are a combination of appraisal and exploration wells.
Finally Rockhopper announced that the vessel MV Polarcus Nadia (“Nadia”) has commenced operations on a new 3D seismic program to cover licence PL024 (100% Rockhopper) and adjacent areas, which were not previously defined by 3D seismic, as well as participating with Desire Petroleum plc on areas of licences PL003 and PL004, in which Rockhopper has a 7.5% interest. Nadia is expected to complete its survey by the end of April 2011.
Over the years Rockhopper, a company started in 2004 with a strategy to invest in and carry out an offshore oil exploration program to the north of the Falkland Islands has carried out an extensive work program in its licences. This has included 2D and 3D Seismic and Controlled Source Electromagnetic Mapping (CSEM).
In February 2010, the Ocean Guardian drilling rig arrived in Falklands’ waters to carry out a multi-well drilling campaign. Rockhopper drilled an exploration well on its Sea Lion prospect during April and May 2010, the result of which was the first oil discovery and Contingent Oil Resource in the North Falkland Basin.
The Sea Lion discovery was successfully tested during September 2010 and was the first oil to flow to surface in Falkland Islands waters.
Suggested Stories
-
May 21st 2013
Falkland Islands: it’s a three-side debate; Argentina must recognize Islanders right to decide their future
-
May 18th 2013
Venezuelan oil monopoly in joint ventures with Chevron and China Petroleum
-
May 16th 2013
Chevron agrees to invest 1.5bn dollars in developing YPF shale field in Patagonia
-
May 22nd 2013
Uruguay: Mujica on a most ambitious mission to China after investments for ports and railways
44 comments Feed
Note: Comments do not reflect MercoPress’ opinions. They are the personal view of our users. We wish to keep this as open and unregulated as possible. However, rude or foul language, discriminative comments (based on ethnicity, religion, gender, nationality, sexual orientation or the sort), spamming or any other offensive or inappropriate behaviour will not be tolerated. Please report any inadequate posts to the editor. Comments must be in English. Thank you.
Let’s declare a “Discovery Area”
What for,............ you may ask?
So we can be on “Discovery Channel”
And sail to Disney’s “Discovery Island”.
On board of a big “Discovery Cruises” Liner.
Ohhhh... I already feel like a “Discoverer”… Dr. Livingstone, I suppose?
www.youtube.com/watch?v=DiFEFL6ThRI
but I love you see you so mad and squirming :D
Looks like the appraisal could be going for the P10!
Think - I love Disney World and have taken my little boy there the last two years. May buy a villa there when RKH pays out for me :-)
www.youtube.com/watch?v=3aMcSluTSqk&feature=related
And it had a max of 2,000 barrels per day, lol, (again, according to Rockhopper), not very impressive, specially since you know that 2,000 figure was bloated for investors. Lookin pretty sad right now for ol UK.
Dont be rude to your future father in law
The basic premise is that Oliver Hardy is about to be married to an oil tycoon’s daughter, which will lead to his own business success and security. Stan Laurel is going to be Oliver’s best man, and arrives, having made all of the “necessary” arrangements - he has the ring, and
Have you never heard of independent verifercation? Do RKH own the rig? Do RKH own the flow test equip? Do RKH issue the CPR?
You are so thick it would be funny if it wasn't so sad.
Dr. Livingstone was a Colonial Christian Commerciant that got lost somewhere in “Dark Africa” during the XIX century.
He was found again, in the middle of nowhere, by a Mr. Stanley.
en.wikipedia.org/wiki/David_Livingstone
Kind of heroes for the Bruts………
(10) Beef
Independent verification???
In the F*cklands!!!
My left foot……:-)
(Besides, the “ Independent Competent Person” has already backed off from many of the early triumphalist asseverations)
Seismic in process and two new drilling slots scheduled.
Remember Think, DYOR!
They are slowly weasling out and covering their tracks with semantics....
As “Despair Petroleum” did in their already classical and (in)famous Oil Discovery RNS.....
They called the discovered liquid a: “FLUID”
Well.... Water is a fluid... Honest mistake... Right?
must be learning from you Think :-)
Has it migrated to sealion? I don't know but if it has and the second feeder system in today's RNS ends up being another migration path for oil then we are not looking at 170mmbl or even 242mmbl. We are looking at £££££££££££££££££££££££££££££££££.
Worth the risk. Well for me there is no risk as by some ins and outs I am 95% de-risked :-)
Still time for you to come in from the cold; after all Marxism was only just a phase!
My opinion about the Malvinas Issue has, since the beginning, been crystal clear.
Not much semantics in: “Bugger Off, You Squatters”………... Right?
(15) Beef
Careful lad......
You better keep an eye that beginning Oil Savant Syndrome of yours before it runs amok :-)
Yep your opinion
In casual use, the term opinion may refer to unsubstantiated information
The current oil rig likley to be here for another 12months fully occupied - instead it could have been winding down about now had nothing showed anywhere.
Why have investora raised - and continuing to raise the cash for this expensive drilling operations to continue?
These are the simple hard basic facts- nobody can deny. Another one is that as yet nobody knows for sure that there are or are not commercially viable oilfield(s) here. - BUT - they probably will know in 12 months time.
IF there is - then the Falklands moves into a totally new ballgame.
If there isn,t - then the industry leaves and we quieten down here and
continue anyway, albeit at the slower speed again.
The one fact we DO know for sure is whatever the result - the ownership of the Islands will still stay 100% with the people who live here. Nothing will change there..
(14) Hoyt
My opinion about the Falkland Islands has, since the beginning, been crystal clear.
Not much semantics in: “We have no doubt about our sovereignty”………... Right?
:-)
I thought that you were talking about the other brutus...Mr Show off Bife de Chorizo.
:-)))))
tell us somethings about Petroleo Brasiliero ,,RF Microdevices ,,LSI Corp..
let's learn...
which are more harmful for humankind ?..Jews ?...Brits ?
if we gift the left driving BMW to Jews
they take all cars except it's steering wheel !
if we gift the left driving BMW to Brits
they take only it's steering wheel except all cars !
Germans.
Well if they do, 1 thing is for certain, it wont belong to Argentinian
Much prefer a Jaguar XF! A car for a refined gentleman who knows he has money and doesn't need to convince others.
Argie - When did RKH say they found water. You are as thick as Master. Give up now.
www.newsonnews.net/business/6468-rockhopper-exploration-secures-drilling-slots-ahead-of-new-falklands-well-in-january.html
The search continues ..... :-)
Yul - while I am in the Jag class there are only two cars that says you have real class and that would be either a Bentley or an Aston. Don't have a spare 300k at the moment!
1. Ford .....316.369
2. Vauxhall.....237.840
3. Volkwagen.....161.137
4. Toyota.....102.612
5. Peogeot.....102.574
6. BMW.....98.683
7. Audi.....91.172
8. Nissan.....77.924
9. Honda.....74.819
10. Citroen.....72.450
11. Mercedes.....72.281
12. Renault.....63.174
13. Fiat.....60.337
14. Hyundai.....56.726
15. Kia.....50.617
16. Mazda.....47.934
17. MiniCooper.....39.866
18. Skoda.....37.253
19. Volvo.....34.857
20. Seat.....29.987
21. LandRover.....29.185
22. Suzuki.....28.539
23. Chevrolet.....18.660
24. Jaguar.....18.274
25. Mitsubishi.....11.074
26. AlfaRomeo.....9.067
27. Smart.....8.363
28. Saab.....7.486
29. Lexus.....7.266
30. Porsche.....5.280
Do you drive a No. 18?
Peace to all men at this time of year!
you must choose one of listed them except No.24 +No.30 +maybe No.11
to live realistic..not in illusion !
A No. 1
A No. 2
A No. 5
Two No. 6
A No. 10
Two No. 12
A No. 13
A No. 19
A No. 21
A No. 23
A No. 26
A No. 28
OMG I was a consumerist !!!
their mechanic systems are faulty.#
Jaguar's quality has improved enourmously since Indian Tata took over.
Those Ex Gunga Din's have class :-)
you could drive Mercedes at every kind of roads but you could not BMW..
which has any front problems !...both have back-wheel drive ( H ).
largely , all ( F ) front -wheel drive car brands are problematic !
not ideal...you must be very cautious when driving them .
Japanese produce cars more serious than ours.
You are comparing apples with pears…….
But:
For driving in most of Latin America’s rough routes, where you must be able to steer and brake without the assistance of 18 fragile microcomputers, drive 500 miles without refueling, repair it with some steel wire and chewed bubble gum (Tutti Frutti) and getting it unstuck from the worst places by yourself, with the eventual help of an ox, a donkey or a strong lama………….. nothing compares to a Lada Niva.
www.youtube.com/watch?v=HS7NhmUzTMc
www.youtube.com/watch?v=hbS9-8whx6s&playnext=1&list=PL9DFBE7A426ABACFC&index=2
www.youtube.com/watch?v=RUHHANKAOQo
they have few own ( drive-mechanic)categories too..
Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!