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Montevideo, May 17th 2022 - 07:35 UTC

 

 

Technical constraints limit Falklands’ oil well flow test to 2.000 bopd

Saturday, September 25th 2010 - 03:05 UTC
Full article 16 comments
Rockhopper believes a more accurate estimate flow would be 4,000 bopd Rockhopper believes a more accurate estimate flow would be 4,000 bopd

Rockhopper Exploration said that during the testing of its Sea Lion well in the Falkland Islands, problems limited the amount of oil extracted to just an average of 2000 barrels per day (bopd). Otherwise, it could have produced sustained rates of at least double that, at 4000 bopd, “without these constraints”.

In a statement released on Friday, Rockhopper gave descriptions of the encountered problems, saying: “Rockhopper believes that the flow rate was inhibited by incomplete perforation, waxing of the tubing string above 800 metres, increased viscosity of the oil as it cooled in the upper part of the test string and a lack of specialist equipment.”

“As such, the Company estimates that the well could have flowed at approximately 4,000 bopd without these constraints”.

They added: “Rockhopper also believes that, with a more optimal well location and horizontal well completions, significantly higher flow rates could be achieved from future production wells.”

Rockhopper was the first company of the several operating (and drilling) in Falklands’ waters, to state that the Sea Lion prospects results were “commercially viable”. However the latest update, although optimistic, is a reminder of the technical difficulties faced by oil companies in the South Atlantic.

Following the release of the update Rockhopper shares soared as much as 9.5% in London. The shares have accumulated an increase of 1.332% since the first announcement on the oil discovery in May.

The other companies with Falklands’ government licences to explore for oil are Desire Petroleum, BHP Billion with Falkland Oil & Gas Ltd, Borders & Southern Petroleum and Argos Resources. Desire, Rockhopper and FOGL have drilled exploratory wells with the “Ocean Guardian” rig in Falklands waters since last February.
 

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  • Hoytred

    According to the Independent newspaper - “ ... Rockhopper's shares have put on 855 per cent in the past six months ....”

    That Beef is pretty bright :-)

    Sep 25th, 2010 - 04:04 am 0
  • Beef

    Thanks Hoyt. Putting money on these prior to news was a punt so was more down to luck than intelligence. DES has risen considerably on the back of this so may be worth a punt with cash you can afford to lose. Although de-risked by RKH it still carries risk but if they strike (even only once) then you can see the effect it has.

    There are rumours of negotiations of a rig for BOR and FOGL going on in Stanley with Transocean so it is an interesting time!

    Sep 25th, 2010 - 07:34 am 0
  • stick up your junta

    Bring on the Gimp sorry the THINK :-)

    Sep 25th, 2010 - 07:49 am 0
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