Poor quality hydrocarbons in south/east Falklands; new round of 3D program begins
Falkland Oil and Gas Ltd. (FOGL) focused on exploration in areas to the South and East of the Falkland Islands reported on Tuesday that the well drilled at its Scotia prospect discovered poor quality hydrocarbons.
The 31/12-01 well will be now plugged and abandoned and FOGL next step is to commence a 3D program which will begin once PGS M/V Ramform Sterling arrives in the Falklands.
According to the company release the well was drilled to a depth of 5.555 meters and strong gas shows were identified with interpretation of wireline log data indicating that the target interval 4.719m to 4.769m comprises 50m of hydrocarbon bearing fine grained sandstones and clay-stones.
“The wireline logs indicate that, at this location within Scotia, the sandstones form fairly poor quality reservoir, although some zones have up to 20% porosity. Other thin hydrocarbon bearing sandstones were encountered beneath the main target in the interval 4900m to 5164m. Subsequent evaluation of the main interval using a wireline formation testing tool did not flow hydrocarbons, indicating that the reservoir has low permeability”.
The release adds that rock cuttings and sidewall core samples were obtained from several potential source rock intervals and these will be sent to the laboratory for detailed analysis.
“The results should provide vital information on the quality and maturity of these source rocks and also provide a better understanding of the distribution of oil and gas within this part of the South and East Falklands’ basin”.
Since Scotia covers an area of approximately 350 square kilometers further technical work is required to assess just how representative the current exploration result is, and whether or not better quality reservoir may exist elsewhere within Scotia.
”The well data will be invaluable for calibrating the forthcoming 3D seismic program. The 3D seismic will be used to map sand fairways in the play and, when combined with detailed analysis from the Scotia well, should allow identification of better quality reservoir and differentiation between oil and gas prospects” points out the FOGL release.
FOGL CEO Tim Bushell said that the results of the Scotia well provide further endorsement of the hydrocarbon potential of the South and East Falkland Basin and “have proven the presence of hydrocarbons within the mid Cretaceous Fan Play“.
”We now plan to fully evaluate the results of the Loligo and Scotia wells. The forward program will focus strongly on three key themes: evaluation of source rock potential and hydrocarbon migration; identification of good quality reservoir within the Tertiary and Cretaceous prospects and plays and the potential commercialization of gas and associated liquids in the South and East Falklands’ basin.“
”During 2012 we have drilled two encouraging wells, both of which found hydrocarbons and were completed safely and within budget. They reinforce our confidence in the potential of the basin”, concluded CEO Bushell.
FOGL is the operator of the well, holding a 40% interest, whilst Noble Energy Inc. holds a 35% interest and Edison International Spa, holds the remaining 25% interest. Under the terms of the farm-out agreements, FOGL is paying 15% of the costs of this well.
Suggested Stories
-
May 18th 2013
Venezuelan oil monopoly in joint ventures with Chevron and China Petroleum
-
May 24th 2013
Petrobras will continue to operate in Argentina but may sell some assets
-
May 23rd 2013
Energy - Balancing the Bonanza: Interview with Mark Thoma
-
May 22nd 2013
US airline closes 4bn dollars deal with Brazil’s Embraer for 40 commuter aircraft
28 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.
How many dry holes were hit north of the Islands before Sealion!
We know you folks will do your best to condemn and criticise from ignorance of reality anyway. Remember - he who laughs LAST - laughs longest! And the jury is out for a year or two yet on that one folks.
But I guess any diversion at the moment helps while Argentina rushes about in fear of the forthcoming referendum and possible potential International implications if the word Independence appears as a possible furute option!
There are no any productive/commercially oil /gas reserves at around these islands.
already FOGL reports ratify me.
It all depends on who are today's puppet masters!
Don't forget LightThink has also got X-ray vision.
BTW where is El Thicko.?. he normally jumps on news like this.
en.mercopress.com/2012/11/23/cpr-confirms-potential-of-desire-petroleum-discoveries-in-the-falklands
comment : 3
How could i be so stupid and not thought of it before , of course Guzz and light think are one of the same Mr Ben
www.youtube.com/watch?v=CVFcIJWe0zE
just smile .....
We have our developed very sophisticated technologies that we can sense the mines and their places/reserves .....techtonic zones movements.......etc...easily....
Also what was the top quality stuff that Border&Southern brought to the surface a few months ago south of the Islands? Why are they now spending some millions on futher seismic work and looking to drill further in 2014-2015 if a rig available?
If you keep your eyes on them which are small stalking- horse companies
maybe strategic bluff against Argentina
maybe money laundering.........who knows !
Oil Business is very perilous and elusive....
If anything an understatement.
Seismic research is -- ex-post --technic in geology.
Drilling is ultimate technic to operate.
-----
[ 18
no understatement them....
merely their business nature.
well !
your comment backs up my comment (5) in principle.
the example is from Falkland Islands.
Ask them a straight question - and they cannot answer.
All they can do is make erroneous comments which they cannot back up - eg what you have done twice above!
Jealousy will get you no-where
Stop financing impossible dreams.
'Potential' is a word leading to a potential tomb for your real money. If explorers had to use their own dough, they won't drill unless they have 99% possiblities of finding a promisory well.
Better luck next time!
Cheers,
Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!