Falklands’ oil company announces further drilling and seismic surveying
One of the Falkland Islands oil and gas exploration companies currently involved in the oil exploration round with licences granted by the Falklands’ government announced it plans further drilling and has acquired new 3D seismic data while it continues with the wider seismic program.
Rockhopper Exploration plc (AIM: RKH), the first company to have struck oil in the current round, announced Monday it has entered into an agreement to secure three additional well slots with the ‘Ocean Guardian’ drilling rig.
Rockhopper intends to utilise these three well slots after Desire Petroleum plc completes drilling operations on its next well, which follows the appraisal well currently being drilled by Rockhopper.
The company further announced that the acquisition of new 3D seismic data to the south of the Sea Lion discovery well, on licence PL032, has been completed and the Company intends to fast track the processing of this data.
It is anticipated that the resulting processed data will become available to the Company during July 2011. The wider seismic acquisition programme, over areas of licences PL024, PL032 and PL033 and adjacent areas, is ongoing.
“The additional rig slots will see Rockhopper continuing an exciting and considerable work program in the North Falkland Basin this year. Our understanding of the basin has advanced following the Sea Lion discovery, and will be further enhanced by our current appraisal operations, together with new seismic data. This information will be valuable in identifying our forward drilling program”, said Sam Moody Rockhopper CEO.
A release on the company’s background states that Rockhopper floated on AIM in August 2005 and holds a 100% interest in four offshore production licences: PL023, PL024, PL032 and PL033 which cover approximately 3,800 sq. km. Rockhopper has also farmed in (7.5% working interest) to licences PL003 and PL004, which are operated by Desire Petroleum.
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.
Rockhopper has contracted seismic vessels MV Polarcus Asima and Nadia to carry out a 3D seismic survey, beginning December 2010, over areas of licences PL024, PL032 and PL033 which were not previously defined by 3D, as well as adjacent areas.
Rockhopper is currently carrying out further drilling on Licence PL032.
Suggested Stories
-
May 25th 2012
Repsol partner in a huge deposit off the Brazilian coast with 1.25bn barrels of oil
-
May 23rd 2012
Falklands’ economy “booming” in spite of Argentina’s efforts of a blockade
-
May 23rd 2012
Falkland Oil & Gas expects farm-in deal with “a listed independent” firm
-
May 22nd 2012
UK company begins hydrocarbons prospecting in the Paraguayan Chaco
18 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.
What did I say in post no: 175 on the 23 January 2011?…..:
en.mercopress.com/2011/01/21/unilateral-facts
“…… Next Rockhopper drill; “the appraisal” will be a long story with all the ingredients of a Brazilian Soap Opera: Sidetracks, Weather, technical difficulties………you name it…….”
First ingredient: NO NEWS RNS whilost the market eagerly expects a REAL RNS…..
I luuuuuuv Brazilian Soap Operas :-)
I see an old ( sorry --new) article which can own minimum
150 comments at most commented column !
there is already seismic fracture line at the 300 km south of Malvinas Islands---when likely big quake it could make tsunami around Malvinas.
Jambhala, the greatly hated ”Guru” of the ”iii ” seems to agree with my humble opinion about today's RNS...
”On the RNS today, I plump for the obvious conclusion. The timing was worrying and it is a carrot before a big RNS stick. Think about it. If you are Sam Moody and you know you are going to release a stonking RNS why not wait to incorporate this release into well news. There is nothing price sensitive in the release and what is says to me is: don't worry about the next well boys, this is a long campaign, we've got the OG committed and seismics to come - it is jam tomorrow imo.
I think we are going to get a complex, technical RNS rather than a blockbuster. It will be interesting to see how gas features in the RNS. There was vague talk of a gas kick in the early rumours. Is what we have here a compartmentalised oil find in a basin that is predominantly gas bearing? We may well find out tomorrow morning”
I missed the rumour of the gas kick! Was it at spud?
And still going on about iii ...... told you before Think, even I leave contributions to that site and I'm no great investor!
Time will tell all.
You actually said nothing at all.
It isn't very important for the future of the islands really, imho ... the islanders may even get to see that a big oil find would so radically change their lives that they would wish no-one had bothered finding it.
Peace and tranquility have a value too.
As Redhoyt said @ 9, maybe it would be better if there is no oil.
Much much much better if there is no oil.
Sr. Think is all excited & wetting his knickers over oil .
Much much much better if there is no oil.
Sr. Think is all excited & wetting his knickers over oil .
Much much much better if there is no oil.
Sr. Think is all excited & wetting his knickers over oil .
Much much much better if there is no oil.
Shame you follow those that tell you what you want to hear regardless of their moral compass.
Peace!
It's the only thing he has to clutch to.
Save some of that dirty water... would you Brits? I can use it to clean my driveway.
Thanks!
Morons.
Usual idiotic postings from Martin. Two losers best ignored.
No stuck gramophone record dear.................... MANTRAM.......
Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!