MercoPress. South Atlantic News Agency

Borders and Southern optimistic about seismic data collected

HAVING completed the processing and interpretation of its Falkland
Islands 2D seismic data, Harry Dobson, Chairman of Borders and
Southern says, “great progress” has been made towards successful exploration and production.

"The evaluation of the Falkland Islands licences has delivered really exciting results. The 2D seismic programme has produced some spectacular images of large structures within an undrilled fold belt and the subsequent mapping has defined numerous leads with the potential to hold substantial volumes of hydrocarbons," Mr Dobson said. The company is currently assessing the design and cost of a focused 3D seismic acquisition programme aimed at further risk reduction prior to drilling. (PN)