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Rockhopper executives in the Falkland Islands

Thursday, January 27th 2011 - 12:28 UTC
Full article 94 comments
Director of Mineral Resources  Mrs Phy Rendell Director of Mineral Resources Mrs Phy Rendell

Representatives from Rockhopper Exploration are visiting the Falkland Islands this week. The company took over the rig Ocean Guardian from Desire on completion of their well, and Rockhopper’s well 14/10-3 (Sea Lion North) was spudded on January 13.

In her Director of Mineral Resources report to the Mineral Resources Committee this week Mrs Phy Rendell explains, “This is an exploration well due to it being located outside the Discovery Area that has been declared by Rockhopper. It will be followed by an appraisal well that will be drilled in the Discovery Area. Neither of these two wells will be tested while being drilled but cores will be taken from these and subsequent wells for analysis.”

She adds, “On completion of Rockhopper’s first appraisal well, the rig will revert to Desire Petroleum in order to drill further well on a location yet to be decided. Rockhopper will then continue to drill a series of additional appraisal wells in order to assess the size of the Sea Lion discovery. This is likely to take until late in the year to complete.”

Mrs Rendell commented recently, “There is no guarantee that a discovery will result in the production of oil or gas in the long term, but it would encourage oil companies to invest in the area and drill more wells. A development phase could take up to ten years to plan before hydrocarbons became available on the market and any revenue was recovered by the industry and the Falkland Islands Government.”

Rockhopper Exploration has appointed Mr Neil Booth, an oil industry specialist, to be based in Stanley during offshore drilling activities.

The Rockhopper team visiting the Falklands comprises Sam Moody, Chief Executive; Fiona McAulay, Petroleum Geologist and Scott McKelvie, Environmental Consultant. On Friday, they will brief the Mineral Resources Committee about their drilling programme.

A further visit by other Rockhopper Exploration employees is expected in February.

Borders & Southern Petroleum senior management personnel will also visit Stanley during the week beginning 31 January. Howard Obee, Chief Executive; Bruce Farrar, Business Development Manager and Jon Harris, Drilling Manager will brief FIG on their future drilling programme which will be conducted using Ocean Rig’s deepwater rig, Eirik Raude, starting in late 2011. They will be accompanied by drilling and rig company representatives who will be familiarising themselves with the facilities available to support drilling activities.

By Lisa Watson – SeAledrPR - Stanley

 

 

 

Financial Tags: DES, RKH.

Top Comments

Disclaimer & comment rules
  • Think

    Chuckle Chuckle

    I have been waiting for this one!….. .........
    This story has been circulating for a week or so in the City…........

    They say:

    1) “....This is an exploration well due to it being located outside the Discovery Area.....”

    2) ”....It will be followed by an appraisal well that will be drilled in the Discovery Area.....”

    3) ”....Neither of these two wells will be tested while being drilled but cores will be taken from these and subsequent wells for analysis.....”

    4) ”....Rockhopper will then continue to drill a series of additional appraisal wells in order to assess the size of the Sea Lion discovery. This is likely to take until late in the year to complete.....”

    AND WHAT DOES ALL THAT MEAN…………….???

    1) Please, don’t get disappointed with the upcoming dry well…….We told you we were drilling outside the ……..…..

    2) After this forthcoming duster, we are going to drill (only once!) there where we supposedly have discovered oil before.

    3) We are NOT going to test those wells whilst drilling so we DON’T have to tell you if we have found oil…… or NOT.

    4) We will continue using your invested money to drill like mad and MAYBE there will be some news on Christmas.

    Chuckle Chuckle
    El Think

    Jan 27th, 2011 - 01:03 pm 0
  • fredbdc

    You are a ridiculous fool and know nothing of the O&G exploration business. Why don't you do a little research on how large fields are found and eventually brought into production BEFORE spouting off nonsense.
    Here is a beginners text:
    http://www.scribd.com/doc/9434524/Deepwater-Oil-Exploration

    Jan 27th, 2011 - 01:49 pm 0
  • Redhoyt

    “ ... A development phase could take up to ten years to plan before hydrocarbons became available on the market and any revenue was recovered by the industry and the Falkland Islands Government...”

    Told you it was 'early days' Think .... but you insist you know better .... but I Think you confuse knowledge with wishful Thinking!

    Jan 27th, 2011 - 02:09 pm 0
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