Thursday, May 15th 2014 - 00:31 UTC

Falklands drilling will resume in second quarter of 2015, announced Premier Oil

Exploration drilling in the waters off the Falkland Islands will resume in the second quarter of next year, according to Premier Oil. Negotiations are currently underway with rig contractors and joint venture partners, the company said in its interim management statement which was approved as the annual general meeting.

“A rig contract and an associated rig sharing agreement is expected to be signed shortly”, announced Premier.

 According to the statement Premier shortly expects to sign a rig contract and a rig sharing agreement with fellow Falkland explorers.

Premier plans to drill four wells within its acreage as part of a broader drilling campaign, which is scheduled to get underway in the second quarter. Meanwhile, work continues on the planning for the Sea Lion field, the commercial find of the last Falklands' drill campaign.

In the Falkland Islands, “negotiations are ongoing with rig companies, joint venture partners and other operators to pave the way for the 2015 exploration campaign. A rig contract and an associated rig sharing agreement is expected to be signed shortly”.

The campaign is planned to commence in Q2 2015 and is expected to comprise four operated wells on Premier acreage; three on PL004 and one on PL032.

Pre-development activities on the Sea Lion project continue to progress. The conceptual design of the TLP has been further defined and a detailed geophysical survey of the TLP/FSO location has been acquired. Tender packages for the FEED contracts were issued and proposals from engineering companies have been received. These are under evaluation with the intention to award FEED contracts in Q2. Finally “we target project sanction for Q2 2015”.

17 comments Feed

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1 Rufus (#) May 15th, 2014 - 08:59 am Report abuse
Cue impotent outrage about stealing Argentina's national resources (despite the fact that it's more than 300 miles away and off the Falkland Islands, so not really Argentine until they start claiming the entire South Atlantic again) in 5... 4... 3... 2... 1...
2 Vestige (#) May 15th, 2014 - 01:42 pm Report abuse
..... 0

drops of oil after all the talk talk talk.
3 FI_Frost (#) May 15th, 2014 - 02:52 pm Report abuse
Old Nestor could be spinning in his grave soon if one or two of the multiple spuds planned early next year hits the black stuff...in which case, his many statues and road signs will likely be receiving a lot of the brown stuff...
4 Zethee (#) May 15th, 2014 - 03:21 pm Report abuse
..... 0

Part of the islands are Argentinian after all the talk talk talk.
5 golfcronie (#) May 15th, 2014 - 03:49 pm Report abuse
@2
At least the oil companies are investing in the FALKLANDS, VACA MUERTA springs to mind, and they ( the Argies ) are looking at deal with Chevron. Something dodgy No impossible.
6 paulcedron (#) May 15th, 2014 - 05:38 pm Report abuse
and who cares about a tiny little oil well in the middle of the sea?
add to that the poor quality and bingo, you have the worst business ever.

that´s why the companies involved are rockhopper (?) and premier (lol) oil.
who knows them?

on the other hand you have vaca muerta with hundreds of companies involved, chevron between them with a current investment of 3 billion dollars.
www.ieco.clarin.com/empresas/Vaca-Muerta-YPF-Chevron-US_0_1117688491.html
7 Briton (#) May 15th, 2014 - 06:36 pm Report abuse
ooooOOOO The envy...lol
8 FI_Frost (#) May 15th, 2014 - 08:19 pm Report abuse
@6

Clearly you no nothing about the oil and exploration business, but for your sanity you need to keep on praying every night that its none commercial.
9 Be serious (#) May 15th, 2014 - 09:23 pm Report abuse
6 Exactly right you stick to extracting your huge, easily drilled, high quality oil and we'll struggle on extracting our minimal, poor quality, problematic oil. Everybody wins.
10 Benson (#) May 16th, 2014 - 07:46 am Report abuse
“and who cares about a tiny little oil well in the middle of the sea?”
Obviously you or you wouldn't be commenting on it
11 Pete Bog (#) May 17th, 2014 - 07:58 pm Report abuse
@6 “and who cares about a tiny little oil well in the middle of the sea?”

Argentina does.

Though you have a good point if you are suggesting they shouldn't care, as you say Argentina have massive reserves and they are more bothered about tiny reserves in the islands, that will make a big difference to the Islanders, but little difference to Argentina if they actually got hold of them.

What I find sad about Argentina is they want to steal the relatively small resources the Islanders have and can't develop the huge ones that they have available to them.

No logic there.
12 paulcedron (#) May 18th, 2014 - 03:06 pm Report abuse
“What I find sad about Argentina is they want to steal the relatively small resources the Islanders have ”

the problem with that, is that britain already stole those territories, waters and resources to argentina.
and, worse, they are still advancing into argentine waters.
so, technically this is just a tiny little oil well, but still argentinian.
not that i care too much about it, but anyway...
13 Clyde15 (#) May 18th, 2014 - 08:03 pm Report abuse
#12
Back to the old chestnut. What makes you believe that they are Argentinian waters.
Also state your legal claim for S.Georgia and the S.Sandwich Isles.
No doubt this will elicit the same tired statements about usurpation, 1833, Gaucho Rivera,“We inherited them from Spain” ,etc, etc.
14 Pete Bog (#) May 18th, 2014 - 08:58 pm Report abuse
@12
“the problem with that, is that britain already stole those territories, waters and resources to argentina.”

The problem with that is that the Argentine Republic was not formed till 1853 and at that time Argentina was not on the Falklands.

The Argentines were not on the Islands in 1853 to get kicked out.

Back to you Paul.
15 paulcedron (#) May 19th, 2014 - 04:16 pm Report abuse
“The problem with that is that the Argentine Republic was not formed till 1853 and at that time Argentina was not on the Falklands.”

pete, try to read some books once in awhile.
if they are history books, much better.
the foundation of argentina as an independent country is the revolución de mayo, that is may 25 1810 with the first gobierno patrio.

it has had, like many other countries britain included, a lot of different names since then.
but it exists as an independent nation since 1810 (eighteen ten).
again: 1-8-1-0.

go back to school.
16 Benson (#) May 20th, 2014 - 10:09 am Report abuse
So your 3 month garrison trumps our 180 years does it?
17 Pete Bog (#) May 21st, 2014 - 09:40 am Report abuse
@15paul

Which countries formed the United Provinces of the River Plate in the 1820s?

Your research is woefully inadequate.

Britain had already claimed the Islands since 1690 (the Ups didn't land then), and settled West Falkland in 1765 (the United Provinces weren't there then).

Most of Vernet's original settlers (1820s)were not from South America, in fact most were of British, French, USA and German birth.

Vernet himself applied to the British for permission to settle in the Falkland Islands-that means they were British, not belonging to the United Provinces of the River Plate

When most of Vernet's settlers by 1833 were of South American origin, they agreed to stay on under the British flag.

When Pinedo wanted to offer resistance to Onslow, he had a slight problem. The settlers wanted to stay on under the British flag.

Most of Pinedo's sailors were born in Britain (NOT South America) . They refused to fight their own kind. Kinda stupid to have most of your forces made up from people who came from your enemy wasn't it?

The Falklands were not stolen from Argentina in 1833, because the United Provinces of the River Plate were not wholly made up of Argentina (which did not exist until 1853).

The UP military were not forced out by gunpoint, they were asked to leave by letter.
The military that was ejected was made up of murderers who returned to BA in irons, most of which were tried and executed by the UP authorities.

Britain's only 'crime' was to evict a bunch of murderers who did not apply to the British consulate in South America for permission to land in the Falklands.

Your posts are completely DEVOID of anything other than general statements which indicate that you have never been to school at all.

And Benson has the final say-3 months of occupation by the UPs 1832-1833, and your brave hero Galteiri's adventure in 1982 for three months is irrelevant when the Falkland Islanders have been there for 180 years.

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