Floater options under consideration for Darwin offshore Falklands development
Oil and gas exploration company Borders & Southern, B&S, expects to start work this month on two projects concerning its licenses in the offshore South Falkland basin, reports from London ‘Offshore’.
Last April the company discovered gas/condensate with a well on the Darwin prospect. B&S plans to reprocess a 3D seismic survey performed in 2008, and to acquire about 1,100 sq km of new 3D seismic.
Both surveys will be merged to assist with interpretation of key play fairways and maturation of B&S’ prospect portfolio. To date it has identified nine Early Cretaceous structures with potential reserves in the range of 120-720 MMbbl recoverable, and various other leads.
Many are within 3-10 km of the Darwin discovery. In addition, there are numerous Late Cretaceous and Tertiary prospects reported.
During 4Q 2012, the company commissioned E&P, part of the ThyssenKrupp Group, to perform a screening feasibility study for development of Darwin East and West.
The conclusion was that both are technically viable as standalone projects, phased, or combined as a parallel development with total production up to 56,000 b/d of condensate. Despite the harsh environment and lack of infrastructure in the Falklands area, development appears feasible using currently proven technology.
The most likely scenario would be sub-sea wells tied back to an FPSO for processing and storage of the condensate with gas re-injected into the reservoir to maximize liquids recovery. Condensate stored on the FPSO could be offloaded to shuttle tankers. Potentially, development could take three years from project sanction to first production.
Capex estimates range from 2.73 billion dollars for Darwin East as a standalone project using a purchased FPSO, to 1.585 billion if the FPSO were leased. A combined Darwin East and West development could cost 3.77 billion with a purchased FPSO, or 2.435 billion if the vessel were leased.
Another study by an independent consultant suggests a 200 MMbbl development would be commercial at an oil price of 65 dollars bbl, while a 100 MMbbl development would require oil price of at least 85 dollars bbl.
The next step for B&S is to prove up recoverable volumes in Darwin via appraisal drilling and to confirm the predicted flow rates with a well test.
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23 comments Feed
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She who spawned this boss-eyed crook can now go and kick him in the knackers for ballsing it up for everybody in AR. If you believe in that sort of thing!
What a ”highly professional Ramping” article!
And what does the ”Market” say to it?
BS shares down 5,91% today….
Brainwash anybody?
and the proffits roll in,
then we will see the argies whithout the smiles on there faces.
You did buy shares as I suggested didn't you?
“Floater options under consideration for Darwin offshore Falklands development”
Question to Mr. Beef, our resident Oil & Coprology expert...:
“Floater”....? Ain't that what you get if you eat all your veggies?
Ps:
Rockflopper flopped again today, I can see......
Rockflopper flopped again today, I can see......
@7 and so did you with all your shite comments yesterday, constantly shot down in shit time after time that you ran off or changed the subject or your name honestly STINK/GUZZ you are a knob
Think
Rome wasn't built in a day was it ?
Given time ( long term ) Rockhopper will do very nicely. At the moment they have U$D 770,000,000 to invest and that is only 40% of the investment as Premier Oil is the Operator of the Sea Lion oil field. First oil via FPSO is scheduled for Q3 2017. No problem. No good looking at shares short term.
I agree. They should put an Argentine expat who lives in Canada, has never set foot in Argentina and knows nothing about nuclear weapons or economics, in charge of developing the project, and pay him with pesos. ;D
Motion seconded! Send a plane to get him.... or just hire one from Britain or Russia instead.
Make sure any Argentine staff sent to retrieve him are aware that they are dropping him off in Argentina and not the South Atlantic.
Mind you with all the activity in the South Atlantic at the moment, there is a good chance he will end up landing on some a vessel prospecting for all that lovely Falkland oil.
Nestor's mum kicking his knackers in the afterlife? I want to believe it.
Floater needed to stop further(stocks) sinking.
Everyone know that share prices are going to fluctuate until production (at least I hope they do, it's pretty basic economics) so current share prices are only of interest to people that are speculating on the stock market.
www.abc.net.au/environment/articles/2011/12/13/3389001.htm
STOP making my country look so good! It's embarrassing..... well okay don't stop!
Yes we do indeed protect our borders with our N.A.V.Y. and Border Protection.
Why? Because we do not claim someone else's territory firstly and secondly because we have a N.A.V.Y. that works.
Our N.A.V.Y. isn't sinking in port - nope!
Our N.A.V.Y. isn't being impounded in foreign countries - nope!
Our N.A.V.Y. isn't awaiting repairs because of unpaid bills - nope!
No, our N.A.V.Y. is out doing its job. Protecting our borders and resources from illegal entrants and also from illegal fishermen.
Do you even know why we burn boats? First to stop them returning again in the future. Secondly due to quarantine. Do you see Indonesia jumping up and down screaming and shouting like CFK would? Nope because we have the law on our side to do this.
But thank you again for showing how a normal functional country uses its N.A.V.Y. I'd just love to see what happens if the Argentinean Navy tried to enter the Falkland's EEZ and sink anything. I'm pretty sure I know what will be sinking.
It's embarrassing all this attention..... but I can live with it!
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