Friday, November 2nd 2012 - 23:07 UTC

Falklands extends Rockhopper licences to evaluate further oil potential

The Falkland Islands government has granted a one year extension for Rockhopper Exploration’s production licences PL023 and PL024. The licences, in which Rockhopper has a 40% interest, have been extended until November 2013, with no requirement for the operator to perform further work on the licences in that time.

Rockhopper struck oil in April/May 2010 at Sea Lion prospect

Rockhopper's Chief Executive Sam Moody says the extension of the licences would provide “a further opportunity to evaluate the largely unexplored potential of the assets while the firm continues to work with Premier Oil to advance the Sea Lion project located elsewhere in the basin”.

Rockhopper also noted that production licences PL003 and PL004 were also recently extended, until May 2016, with a one well work commitment during that period. The company’s release points out that it holds a 3% interest in licences PL003 and PL004a, a 10% in PL004c and 24% interest in PL004b which contains the extension of the Sea Lion Field as well as the Beverley, Casper and Casper South discoveries.

Rockhopper drilled an exploration well on Sea Lion during April and May 2010, the result of which was the first oil discovery and Contingent Resource in the North Falkland Basin. The Sea Lion discovery was successfully tested during September 2010 and June 2011 and was the first oil to flow to surface in Falkland Islands waters. Rockhopper's drilling campaign lasted from 16 April 2010 to 8 January 2012 and resulted in seven successful wells of the ten drilled, with three oil discoveries, three gas discoveries, multiple successful Sea Lion appraisal wells and a successful appraisal well on Casper.

In October 2012 Rockhopper completed a farm-out agreement with Premier Oil plc, whereby Premier Oil acquired 60% of Rockhopper's interests in its North Falkland Basin licences, with a view to achieving first oil production from Sea Lion in 2017

29 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.

1 Joe Bloggs (#) Nov 02nd, 2012 - 11:15 pm Report abuse
2 reality check (#) Nov 02nd, 2012 - 11:29 pm Report abuse
Oh, deep joy!!!!!
3 Marcos Alejandro (#) Nov 03rd, 2012 - 12:29 am Report abuse
“New Frontiers: Falklands not turning into the oil giant that some had predicted”
4 briton (#) Nov 03rd, 2012 - 12:45 am Report abuse
one should not jump the gun old chap.

after all, if they had found oil stright away , you argies would say it was a con trick, or british planted oil drums.

give it time, lay back and think of the falklands,
and the oil will flow in no time.
5 Santa Fe (#) Nov 03rd, 2012 - 09:42 am Report abuse
3...your in that Egyptian river pal.... Where is guzz with his in depth economical investigations that consist of posting the stock exchange prices of oil companies claiming its all lies. You trolls can't change the truth , the black gold is coming...lets just wait and see
6 falklandlad (#) Nov 03rd, 2012 - 10:12 am Report abuse
more great news for Falklands oil.
7 Tinx (#) Nov 03rd, 2012 - 10:13 am Report abuse
Where is Beef ?

he is not commenting leastwise for the reason why he is hopeless.
8 British_Kirchnerist (#) Nov 03rd, 2012 - 11:06 am Report abuse
This heist will not pass forever, the oil will have to benefit the continent of which it is part and not be siphoned off to the other end of the world even if thats what a small village worth of Brits want!
9 ChrisR (#) Nov 03rd, 2012 - 11:17 am Report abuse

Your continuing treasonable and incorrect posts are really wearing.

If I ever get to know where you really are I might just get a few 'friends' round to have a word in your shell like. Catch my drift?
10 Usurping Pirate (#) Nov 03rd, 2012 - 12:03 pm Report abuse
8 BK : “The oil will have to benefit the thieving government of Cristina fernandez de Kirchner” is what you really mean .
Maybe Argentina can send the navy in to stop production ?
Ah , that's right they replaced the navy with keyboard warriors .
Shame .
11 Clyde15 (#) Nov 03rd, 2012 - 01:09 pm Report abuse
So right. After all the oil has been extracted the Falklands will have received a bonanza. The revenues received will have been pumped into the local economy to improve the infrastructure and new businesses will have been established. Who knows, they could even start up a Vulture Fund - plenty of pickings not too far west of the islands !
12 Pirate Love (#) Nov 03rd, 2012 - 01:41 pm Report abuse
what are they doing dont they know argentina has said no to oil exploration within The Falklands territory, i guess nobody listens or give two sh1ts what argentina does or says :)))) DRILL ON!!!!
13 Anbar (#) Nov 03rd, 2012 - 01:48 pm Report abuse
@ 9

Grow up sunbeam.

If he's a Brit then he is exercising what freedom of speech he can and threats like yours do nothing other than bring discredit upon the British nation and most of what she upholds.

You should be ashamed and you should apologise.
14 Conqueror (#) Nov 03rd, 2012 - 02:20 pm Report abuse
@8 Ho ho ho. Getting worried, Burger King? Here's a few tips for you. The Falkland Islands have been British for longer than argtards have existed. Your other hero, King Alex, is being proved, week after week, to be a liar. An “independent” Scotland WILL have to join the queue if it wants to join the EU. Will the UK give up oil and gas fields to Scotland? It's not straightforward. There are treaties involved and all the signatories would have to agree. And we might use it all up first! But what's this about a heist? What's argieland trying to steal now? Is there enough room to list all the stuff that argieland has either stolen or tried to steal?
@13 Actually, old boy, BK regularly brings discredit on the British nation. Still, all being well, he won't be “British” for too much longer. He'll just be Scottish. One of a small group of poverty-stricken, skirt-wearing, starving, whingeing peasants at the end of the world. Notable for their coracle navy, their kite force and the skirt-lifters!
15 Clyde15 (#) Nov 03rd, 2012 - 05:35 pm Report abuse
If you took the trouble to read the posts instead of blowing it out your considerable arse you would have seen that BK is neither a supporter of King Alex or independence, but a supporter of the Union. But again, why let the facts get in the way of your prejudices. You are the prime example of why England - (not the UK )- has no particular friends in Europe. I could post he same crap about the English but I have too much respect for most of them - your type excepted.. There is no point in arguing with you, it would need a depleted uranium shell to try and penetrate what passes for a brain inside your dense skull.
Are you in fact an Argie troll ? You seem to have the same mindset and delusional illusions of grandeur.
Get into your Tardis and return to the middle ages where you would probably thrive.
You can sing this song on your travels
“There always be an England as long as Scotland's there ”
16 Beef (#) Nov 03rd, 2012 - 07:18 pm Report abuse
Tinx - Beef may not also make a post but he never goes away. Where there is profit there is beef! Just so happened profit took my to Bucharest :) hik! and next month profit takes my to Hong Kong :)

Where there is misery, poor governance, jealousy, mediocrity and disappointment you will find Argentina.
17 Troy Tempest (#) Nov 03rd, 2012 - 07:37 pm Report abuse
@8 BK

“This heist will not pass forever, the oil will have to benefit the continent of which it is part and not be siphoned off to the other end of the world even if thats what a small village worth of Brits want!”

BK - IF the Falklands are part of that continent !

Argentina has an economic blockade to prevent THE FALKLAND ISLANDS from participating with that continent.
At the same time, they want THE ISLAS MALVINAS , and say that THE FALKLAND ISLANDS do not exist.

Never mind, one way or the other, THE FALKLAND ISLANDS will benefit from the oil, right where they are, part of 'the continent' or not.

The oil - that can be shipped to the UK, if so desired, OR anywhere else that is prepared to buy it, the profits benefitting THE FALKLAND ISLANDS, part of the continent, or not.

18 briton (#) Nov 03rd, 2012 - 07:45 pm Report abuse
The oil, belongs to those who paid for it,
Invested, drilled, put the money up,
Did all the exploration.

Did Argentina do any of the hard work, [no]
So why should she share the profits,

Its Falklands oil,
And you envious Argies will have to get used to it,

You could always dig for ya own oil,
19 Troy Tempest (#) Nov 03rd, 2012 - 08:21 pm Report abuse
@18 briton

“The oil, belongs to those who paid for it,
Invested, drilled, put the money up,
Did all the exploration.”

Of course.
And the real kicker ??

Argentina had an agreement before everyone else, to be a partner and share the oil and profits.
Too bad they got greedy and sulky, AND WITHDREW !!


bet there are regrets, now ...

20 ChrisR (#) Nov 03rd, 2012 - 08:29 pm Report abuse
@13 Anbar

I have just done a quick check as far back as I can on three of your posts. Scintillating aren’t they: I bet you are proud of them.

65 Anbar (#)Sep 01st, 2012 - 11:13 am
“Compared to most other cultures, English-speaking cultures have very little exposure to non-English culture. ”

...and when they do, they meet people like you?

...just saying....

32 Anbar (#)Oct 01st, 2012 - 07:56 pm

Why Pitato-Hunter, you need to get back on the meds ASAP dude.

13 Anbar (#)Aug 14th, 2012 - 11:13 am

“”“”“”“”“”“”“”“”“”“”It seems, rather, that they are trying to claim the reverse : because the Falklands, South Georgia and South Sandwich islands are Argentine, the Argentine continental shelf extends all the way to Antarctica. “”“”“”“”“”“”“”“”“”“”“”“”“””


Despite the Aug 14th post being clearly in favour of the Argies (QFT denoting truth) and your spelling error of ‘Pitato’ in the post of Oct 1st being inconclusive (it might be a pun on your part) I had to get forward to Sept 1st to find a post very similar to a typical argie.

No reference to the post you are answering, together with the classical LatAm use of several periods (full stops to you) expecting the reader to use osmosis to decide just what is meant, is classic Argie.

NOW, to the point. Do you think I give a damn for your OPINION of my post? AND, I most certainly did not waste more than a second divided by a googol in thinking about it.

So you can urinate on your way out of whatever hole you are living in. Is that polite enough for you?

21 Captain Poppy (#) Nov 04th, 2012 - 02:16 am Report abuse
BK is an RG troll. pretending to be a older one, hence his calmess opposed the that teenager alex vargas. Don't even bother to get sucked into is drivel.
22 gustbury (#) Nov 04th, 2012 - 03:51 pm Report abuse
All property of Republic of Argentina,you are usurping,you know it and that bothers!!
23 Captain Poppy (#) Nov 04th, 2012 - 06:02 pm Report abuse
They are only usurping her naval ships and the is
24 Pete Bog (#) Nov 04th, 2012 - 06:08 pm Report abuse
@22 “All property of Republic of Argentina,you are usurping”.

What? Has the UK just invaded all of Argentina from Patagonia to BA?

I must listen to the news more often.

Perhaps we persuaded the Argentines to surrender by threatening to put the Duke of Kent in an unarmed helicopter.
25 briton (#) Nov 04th, 2012 - 07:07 pm Report abuse
one has to wonder if some of these argie bloggers, even know what blog they are on,

they proberbly dont even know who the brit are. lol.
26 gustbury (#) Nov 04th, 2012 - 09:57 pm Report abuse
bla bla are usurping our land...that's the point!!
27 Pete Bog (#) Nov 04th, 2012 - 10:54 pm Report abuse
“bla bla are usurping our land...that's the point!!”

You weren't on the Falklands in 1690 or 1765.

(Note these dates preceed 1833, when Proto Argentines accepted British rule and stayed on in 1833. Oh and in 1833 there were NO English settlers (one Scotsman and one Irishman amongst the settlers who were mostly of South American origin)-no Argentina till 1853 by the way).

Apart from the fact that the UK had a valid claim on the Falklands from 1690, Argentina cannot have been usurped in 1833 when it did not exist.
28 Troy Tempest (#) Nov 04th, 2012 - 11:14 pm Report abuse
@27 Pete

ever notice that the trolls raise the same issues at least once a month, every month?

It matters not if we successfully refute their nonsense. We seem to debunk it each time and BK or a 'new' poster, pops up and starts all over again.

It seems that they just want to keep the lie out there in cyberspace, so that it gets seen.
29 Pete Bog (#) Nov 05th, 2012 - 12:01 am Report abuse
I'm wasting time really but it just amuses me to keep rubbing in their ignorance as they don't bother with referencing real evidence-I do find it hilarious fun.
Yes-like the Nazi's if you repeat a lie enough times it will be accepted.
Their problem is the return fire is always too hot for them.

There is historical evidence being un-earthed all the time that makes the Argentine sovereignty claim even more ludicrous, and whilst I don't hold the UKs politicians in high regard, the activities of the Argentinian politicians and the crap they come out with is truly amusing, its that stupid.

Off to pursue the noble art of shitspinning.............................

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!


Get Email News Reports!

Get our news right on your inbox.
Subscribe Now!