Falklands’ third appraisal oil well results should be known by end of August
Falklands’ Rockhopper Exploration, the oil and gas explorer, pressed ahead with its hunt for oil in the North Falklands with the drilling of its third appraisal well on the Sea Lion Discovery feature last week.
The group told investors that it had spudded the well on 15 July and expected to complete the drilling within five weeks.
Located 4.1km west of the original discovery well, the group will investigate reservoir and hydrocarbon in what will be the first test outside of the 155m barrel minimum case area.
Rockhopper, which was founded in 2004 to hunt for oil and gas in the Falkland Islands, made its first discovery last year followed by a “significant” oil and gas discovery at the Sea Lion field earlier this year.
Both Sea Lion Main and Lower fan intervals are targets, the company said, with the entire Sea Lion Main fan expected to be above the oil-water contact established by one of the earlier appraisal wells and with reservoir expected to be thinner than encountered in previous wells on the Sea Lion feature.
Rockhopper estimates that drilling on the North Falkland Basin well will take around 38 days.
Earlier this month, Rockhopper announced that it has entered into a further assignment agreement to secure an additional well slot on the Ocean Guardian rig. It plans to drill three additional wells in succession following the latest appraisal well.