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Falklands oil company completes 3D survey; prepares drilling program for next year

Tuesday, February 25th 2014 - 04:41 UTC
Full article 7 comments
PGS M/V Ramform Titan operated this last survey (Pic FB) PGS M/V Ramform Titan operated this last survey (Pic FB)
FOGL has US and European partners in its joint venture FOGL has US and European partners in its joint venture

Falkland Oil and Gas Ltd, FOGL, announced on Monday the completion of its 3D seismic survey offshore the Falkland Islands. This is the third and final 3D survey prior to the next drilling program, which is expected to commence in early 2015, said the company in a release.

 The survey was undertaken by PGS M/V Ramform Titan and was operated by Houston bases Nobel Energy on behalf of the joint venture which also includes Edison International Spa. from Italy.

The release says that PGS M/V Ramform Titan completed a 3D seismic survey over the Cretaceous Hersilia Fan complex within FOGL's Northern Falklands' Area Licenses. A total of 5,747 square kilometers of full fold seismic data have been acquired. The survey was designed to target a number of prospects and leads including Hersilia, West Hersilia and Challenger.

The data will now be processed by PGS and a fast track product will be available for interpretation in approximately three months. It is anticipated that the final processed data will be available in the third quarter of 2014. The fast track data will be used to commence prospect mapping and the selection of well locations.

“This is the third and final 3D survey prior to the next drilling program, which is expected to commence in early 2015. The joint venture has now acquired 12,000 square kilometers of high quality 3D seismic data and is very encouraged by the results of the first two surveys”.

FOGL finally points out that PGS have operated all three surveys, which have been conducted safely and without incident and congratulates PGS and their employees “for their contribution to the success of this program and the excellent safety, environmental and operational performance achieved”.

The survey was completed within budget.

Financial Tags: FOGL.

Top Comments

Disclaimer & comment rules
  • The Cestrian

    I thought Argentina said that everyone was going to be arrested and prosecuted who did this type of thing? Dont tell me it was all bluff and bluster? chuckle, chuckle.

    Feb 25th, 2014 - 03:21 pm 0
  • Britworker

    They will be arrested as soon as they set foot on Argentine soil, not much danger of that I think!

    Feb 25th, 2014 - 07:24 pm 0
  • Briton

    We thinks when the drilling starts, the Falkland's may need more patrol ships and special troops to guard these rigs..

    Feb 25th, 2014 - 08:20 pm 0
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