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FOGL spuds the second well of its exploration program to the east of Falklands

Tuesday, September 25th 2012 - 23:56 UTC
Full article 14 comments
The rig Leiv Eriksson is drilling 315 kilometres east-northeast from Stanley The rig Leiv Eriksson is drilling 315 kilometres east-northeast from Stanley

Falkland Oil and Gas, FOGL, announced on Tuesday that last 25 September it spudded the Scotia exploration well to the East of the Falkland Islands. The well FI 31/12-01 is located 315 km east-northeast of the Islands capital Stanley, and 114 km from the Loligo prospect.

FOGL is the operator of the well, holding a 75% interest, together with its partner Edison International Spa, which holds the remaining 25% interest.

Under a farmout agreement announced on 6 August 2012, Noble Energy Inc. will also participate in this well for a 35% interest, thereby reducing FOGL's interest to 40%.

The farmout agreement has been approved by the Falkland Islands Government and the changes to the licences will be formally executed in the near future.

Scotia is the second of FOGL two-well exploration program using the Leiv Eriksson semi submersible drilling rig, announced the company.

The well is designed to test the Scotia prospect within the mid Cretaceous fan play. It is anticipated that the well operations will be around 75 days with a total depth of approximately 5.000 meters

It was announced earlier this month that a gas discovery had been made at Falkland Oil and Gas’s Loligo exploration well.


Categories: Energy & Oil, Investments.
Financial Tags: FOGL.

Top Comments

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  • Think


    The last and loooooooooooong roll of the dice!

    Will it be Oil?
    Will it be a Duster?
    Will it be a “Gas Discovery”?
    Will it be Southpawed Ginger Quadriplets?
    We will have to wait those 65 days and see, won't we?
    (Incidentally... Ain't that the time that takes for a bitch to go into labour? ;-)

    Sep 26th, 2012 - 04:31 am 0
  • Beef

    Think - considering Noble are contractually obliged under the farm-in to operate a further round of drilling by a defined date, how is it the last roll of the dice?

    We also have future 3D seismic to do on Loligo :)

    Sep 26th, 2012 - 06:09 am 0
  • Idlehands

    You learn a new word every day. Spuds!?! - I had to look it up.

    Spuds = 2.Make the initial drilling for (an oil well)

    Sep 26th, 2012 - 06:36 am 0
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