A well drilled by Rockhopper Exploration off the Falkland Islands struck a good quality reservoir that bodes well for further development in the area announced the UK explorer in a release.
The 14/10-3 probe was drilled by the semi-submersible Ocean Guardian in licence PL032 to test the extent of Rockhopper’s earlier Sea Lion discovery. The well which reached a total depth of 2830 metres, is eight kilometres north-west of Sea Lion and is the first to be drilled in the area.
“The well encountered good quality reservoir from 2,425m to 2,535m in a sequence of 4 main sandstone intervals. Within these 4 main sand intervals 64m of gross reservoir sand was encountered with net sand of 54m (a net to gross ratio of 84%)”, points out the release.
Furthermore “logs indicate that three of the sands encountered (Sands 1, 2 and 4) have high water saturations with hydrocarbon shows during drilling and in cores” and Rockhopper believes that Sands 1, 2 and 3 are likely to be related to part of the main Sea Lion feature, while Sand 4 could be related to the S2 feature.
“Oil and gas shows were detected throughout the reservoir intervals. Four conventional cores were cut through the reservoir totalling 101 metres and both the bleeding of live oil and oil staining were observed throughout”.
While it was un-commercial on a standalone basis the latest is “technically encouraging for reservoir development within Sea Lion” in the North Falkland basin.
“The quality sands encountered confirm our understanding of the depositional system within the basin. We are particularly pleased to have encountered a thick sequence of reservoir as we prognosed and obtained a number of samples of live oil. The results are indicative of significant upside potential elsewhere across the Sea Lion and S2 features,” said Rockhopper chief executive Sam Moody.
“This well is the first of a number we plan to drill during 2011, focusing largely on delineating the extent and size of the Sea Lion discovery, as well as testing additional exploration upside,” he added.
Following completion of all logging operations Rockhopper intends to plug and abandon the well in line with the originally intended drilling program.
The “Ocean Guardian” drilling unit will then drill appraisal well 14/10-4, which is located 2.3 km north west of the 14-10-2 Sea Lion discovery well.
Rockhopper is one of several UK companies involved in a round of hydrocarbons exploratory drilling in Falklands’ waters begun a year ago.
During April/May 2010 Rockhopper drilled a well on its Sea Lion prospect the result of which was the first oil discovery and Contingent Oil Resource in the North Falkland Basin. The Sea Lion discovery was successfully tested during September 2010 and was the first oil to flow to surface in Falkland Islands waters.
Rockhopper has contracted seismic vessels MV Polarcus Asima and Nadia to carry out a 3D seismic survey, beginning December 2010, over areas of licences PL024, PL032 and PL033 which were not previously defined by 3D, as well as adjacent areas.
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Chuckle Chuckle.......Feb 11th, 2011 - 09:07 pm 0
Falklands’ Rockhopper latest well strikes quality reservoir
NO OIL in any commercial quantity (just stains and stuff :-)
Shares down 20% Today
First part of my prediction of the 23 January 2011 has come true…..
My prediction, (for what it is worth)…….
The current Rockhopper drill will be a duster. They have already built in the excuse by stating it to be: “Out of their self-proclaimed discovery zone”.
Next Rockhopper drill; “the appraisal” will be a long story with all the ingredients of a Brazilian Soap Opera: Sidetracks, Weather, technical difficulties………you name it.
They will finally downgrade Sea Lion to something between 100-150 Million barrels to keep interest alive for the rest of the campaign without risking jail sentences.”
Let’s keep our finger crossed for the fulfillment of the second part :-)
I don't think so ,the futile Malvinas drilling costs could beFeb 11th, 2011 - 09:34 pm 0
compensated by fogyish Thatcher films' revenues !
More copy paste pleaseFeb 11th, 2011 - 09:54 pm 0