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Falklands: Premier Oil confirms full commitment to Sea Lion project

Tuesday, August 26th 2014 - 07:26 UTC
Full article 40 comments

Premier Oil has updated progress on the Sea Lion project, the first field development offshore the Falkland Islands. Latest subsurface studies suggest recoverable reserves for the Phase 1 development at 308 MMbbl, with further upside of 60 MMbbl if next year’s well on the Chatham prospect confirms that there is no gas cap in the western side of the field. Read full article

Comments

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  • golfcronie

    Methinks time to buy shares in the companies willing to invest in the FALKLANDS, hows the investment going for VACA MUERTA?
    No data yet from the oil discovered in Santa Cruz.

    Aug 26th, 2014 - 07:57 am - Link - Report abuse 0
  • FI_Frost

    Premier Oil is a UK company Mercopress. Think you've got confused with Noble Energy here.

    Aug 26th, 2014 - 07:58 am - Link - Report abuse 0
  • Islander1

    Cue Marcos rantings about RKH who are now just a minor Cue lots of rants about share values - which go up and down according to a lot more financial considerations than just the Falklands.

    Aug 26th, 2014 - 08:31 am - Link - Report abuse 0
  • brasherboot

    Premier oil isnt USA based: Head Office

    Premier Oil plc
    23 Lower Belgrave Street
    London
    SW1W 0NR
    England

    Tel: +44 (0)20 7730 1111
    Fax: +44 (0)20 7730 4696
    Email: premier@premier-oil.com

    Aug 26th, 2014 - 09:06 am - Link - Report abuse 0
  • lsolde

    Won't be too much longer, Marcos, paulcedron & Think.
    We'll have oil pouring funds into our bank accounts.

    Aug 26th, 2014 - 09:27 am - Link - Report abuse 0
  • Anglotino

    Can't wait to see what the three amigos say when the oil starts flowing.

    Aug 26th, 2014 - 09:49 am - Link - Report abuse 0
  • CaptainSilver

    Just the thing to replace the Black Gold snaffled by the Pink President when the Scotch get their Independence

    Aug 26th, 2014 - 10:56 am - Link - Report abuse 0
  • downunder

    Methinks that the Falklands have a prosperous future ahead of them.

    Aug 26th, 2014 - 11:01 am - Link - Report abuse 0
  • paulcedron

    “Methinks time to buy shares in the companies willing to invest in the FALKLANDS,”

    my god.
    you guys never learn.
    PMO Share Price: 342.30 Bid: 342.20 Ask: 342.60 Change: -2.20
    PMO was the worst investment of the year.

    do you have a pair of pounds?
    invest them in EDUCATION.
    Burros

    Aug 26th, 2014 - 12:04 pm - Link - Report abuse 0
  • Anglotino

    Oh I'm sure there will be investment in education and all manner of things thanks to oil.

    And it won't be squandered like Argentina has managed to do with its resources income.

    Aug 26th, 2014 - 12:42 pm - Link - Report abuse 0
  • Brit Bob

    @9. The RG government has been threatening to take UK oil companies drilling for Falkland hydrocarbons to the 'international courts' since February 2010. Why is the case taking soooo l o n g?

    Aug 26th, 2014 - 12:46 pm - Link - Report abuse 0
  • paulcedron

    have you ever asked yourselves why top class companies like chevron, total, exxon, etc are not interested in that “oil” well?
    not even bp.
    only premier lol whose records are basically failures and accidents.

    so, give those scammers of premier and rockhopper a good kick in the ass and stick to your penguins and sheep.

    Aug 26th, 2014 - 12:54 pm - Link - Report abuse 0
  • gordo1

    Comment removed by the editor.

    Aug 26th, 2014 - 01:23 pm - Link - Report abuse 0
  • Bombadier Spoon

    @12

    Who cares whos involved as long as they get the gas and oil flowing. Please remind me again how much Argentina has progressed with all that gas it has? Aaahhh thats right, no one is interested in investing it Argentina.

    Aug 26th, 2014 - 01:38 pm - Link - Report abuse 0
  • JohnN

    South Georgia News for July:
    - Cruise Ship Visits To Increase
    - BAS Fur Seal Conclusions Challenged
    - Overview Of Tourism Last Summer
    - Last Man Off; The Sudar Havid Disaster
    - Fishing And Shipping News
    - Shackleton’s Boat Replica In Cambridge
    - A Serious Matter Of Peas
    - Bird Island Diary
    - South Georgia Snippets
    - Dates For Your Diary
    READ THE NEWS AT: http://www.sgisland.gs

    Aug 26th, 2014 - 02:00 pm - Link - Report abuse 0
  • Conqueror

    @12. Curiously, I can't find much in Premier's record about failures and accidents. In fact, only 2 “accidents”. A helicopter crash where, it appears, the helicopter was not properly maintained by the operator. Since Premier wasn't the operator, it's only that the passengers were working for Premier. That was 2009. Then there was a diving incident in 2011. It appears that the diver may have been, unknowingly, suffering from diabetes. I would have expected the Falkland Islands Government to have made some fairly extensive enquiries about Premier's history.

    On the other hand, Premier is operating in United Kingdom, Pakistan, Indonesia, Vietnam, India, Philippines, Norway, Congo, Saharawi Arab Democratic Republic and Egypt.

    Naughty argie propaganda?

    Aug 26th, 2014 - 02:34 pm - Link - Report abuse 0
  • Bombadier Spoon

    @16

    Sometimes your posts are full of hate and crap but I do enjoy the factual ones like above. Van I ask though, why do you sometime fly of the handle and go on tangents? Posts like the one above are much more insulting to those who want to discredit anything the UK does. Beat the malvinists with fact and not insults. Anyway just wanted to say I like the response to 12.

    Aug 26th, 2014 - 03:08 pm - Link - Report abuse 0
  • dower707

    Exciting times ahead for the people of the faulklands premier oil are a first class company..

    Aug 26th, 2014 - 03:31 pm - Link - Report abuse 0
  • golfcronie

    @9
    Time will tell, just wait until 2nd Quarter 2015 and we will see what the share price is. Lets just see what the Peso will buy you in 2015. God you are so dumb, just like your government.

    Aug 26th, 2014 - 04:02 pm - Link - Report abuse 0
  • Chicureo

    #15 JohnN

    Thanks for the link. It is interesting and appreciated.

    First, I enjoy eating meat. I buy both normal and organic produce, wear leather shoes and enjoy an occasional duck hunt. I support herd culling by hunting to manage animal populations. In other words, I'm not some PETA lunatic...

    As I read in your news about the “Landmark reindeer eradication project to protect native biodiversity” I again felt a certain sadness that the authorities had made such a poor decision. Yes, I understand the reasoning, but then again, were the reindeer really causing such ecological damage? I don't think anyone really knows, but I suspect it was a tragic mistake.

    With complete respect and encouragement to continue the news site.

    Aug 26th, 2014 - 04:59 pm - Link - Report abuse 0
  • paulcedron

    nabo 19
    i am exactly in the opposite extreme regarding “my” government.
    you seem to be too naive, or too ignorant or just too boludo.
    anyway, i'm heading to mar del plata now to surf those 5 meter tall waves, so i do not have more time to waste with you all.

    i will report from there soon.

    peace and love

    Aug 26th, 2014 - 05:06 pm - Link - Report abuse 0
  • yankeeboy

    Hold on a mo, you're heading to MDP when its 42F degrees outside to surf? Are you insane?

    BTW if you've never been MDP water is DISGUSTING, its brown and freezing, the beach sand is wet and people bring tents to stay out of windy sand. Not a pleasant place.
    Although I did have the best pizza there, I wish I could remember the name of it, small place 1 block from the beach on the south side of the park. Yum yum.

    Aug 26th, 2014 - 05:45 pm - Link - Report abuse 0
  • Conqueror

    Comment removed by the editor.

    Aug 26th, 2014 - 05:49 pm - Link - Report abuse 0
  • paulcedron

    22
    not a problem if you have a patagonia r4 wetsuit

    Aug 26th, 2014 - 06:00 pm - Link - Report abuse 0
  • yankeeboy

    Yeah okay, the wet suit doesn't keep out all the poisons you ingest in that filthy water tho...

    Aug 26th, 2014 - 06:02 pm - Link - Report abuse 0
  • Chicureo

    Yankeeboy,

    Lay off Paulcedron, let him surf in his 5 meter waves and pray for a great white to be lurking nearby to assist in his technique ...

    Aug 26th, 2014 - 06:34 pm - Link - Report abuse 0
  • Vulcanbomber

    my family have been to mar de plata (never again), and im sure paul, if hes ever been, will know its easier to surf turds from the sewage waste rather than have a great time

    A real surfer would head to Waikiki beach, less pollution and not so many Argentinians who have a habit of kicking sand in your face and on your towels because you got there first (sounds like their attitude to the falklands, but its true)

    Aug 26th, 2014 - 07:23 pm - Link - Report abuse 0
  • lornefirth

    Little CFK,s head will be exploding again.........

    Aug 26th, 2014 - 09:06 pm - Link - Report abuse 0
  • golfcronie

    No-one in their right mind would go to Mar Del Plata to surf, at least he won't sink as shit floats don't ya know.

    Aug 26th, 2014 - 11:46 pm - Link - Report abuse 0
  • paulcedron

    and what can you bunch of bolas tristes know about surfing, about mar del plata and stuff?
    have you ever left the islets?
    the answer is NO.
    so shut it.

    as for mar del plata, the best surfing spots are in chapadmalal, nabos x 1000.
    in la paloma to be more specific.
    6 meter tall crest of waves today

    if you want to learn something about the matter, read this, you ignorants
    http://matadornetwork.com/trips/surfing-argentina-an-insiders-guide-to-the-breaks-of-mar-del-plata/

    Aug 27th, 2014 - 12:35 am - Link - Report abuse 0
  • Troy Tempest

    29 Golfcronie

    “No-one in their right mind would go to Mar Del Plata to surf, at least he won't sink as shit floats don't ya know.”

    Golfcronie

    When you 're trapped in some 3 rd World dungeon, like Pablo niño, your choices are limited to choosing the 'best' sh!thole.

    I never saw Polly, while I was surfing in Huntington, CA, Waikiki, or the North side of the Island ( Hawaiian) !

    Fun surfing... clean water ... beautiful beaches...!!!

    Aug 27th, 2014 - 02:30 am - Link - Report abuse 0
  • golfcronie

    @9
    My god Premier Oil 09:47 Wednesday 27 Aug 2014
    share price Bid 345.1 Offer 345.7
    Change +1.8
    See Paul it goes down one day up the next, do keep up

    Aug 27th, 2014 - 08:49 am - Link - Report abuse 0
  • paulcedron

    toy
    never been to hawaii, but i ´ve been to lima, perú and jeffrey´s bay and never saw you, simply because you don´t surf.

    how old are you btw?
    70?

    Aug 27th, 2014 - 11:17 am - Link - Report abuse 0
  • Troy Tempest

    33 niño

    Sorry, Buddy

    I HAVE surfed those places - but you never will.

    Simply because you can't go there.

    BTW, been to Peru - beach was full of jellyfish.
    Very nice country though.

    Enjoy swimming in your open sewer.

    Aug 27th, 2014 - 11:44 am - Link - Report abuse 0
  • paulcedron

    haha toy.
    what can you know about closeouts, crumbly, reforms, tubing and double ups?
    lol.
    nothing?
    you like the rest of the islanders, canadian and chilotes are useless at any sport.

    Aug 27th, 2014 - 02:41 pm - Link - Report abuse 0
  • Troy Tempest

    niño,

    I don't know why we're talking about you - trying to show off ?? Who cares?

    Many many people surf, little niño.

    Did you think it was just you????

    I worked and lived, one block from the beach, in Huntington. What do you think we did there?

    Hawaii has 10's of thousands of visitors every year, like me, going there to surf and go diving.

    The funny thing is, YOU will never be able to.

    - Mahalo, “Sewage Surfer”

    Aug 27th, 2014 - 09:20 pm - Link - Report abuse 0
  • paulcedron

    “I worked and lived, one block from the beach, in Huntington. What do you think we did there?”
    what you usually do... getting drunk and posting nonsense here

    Aug 27th, 2014 - 09:54 pm - Link - Report abuse 0
  • Troy Tempest

    brilliant riposte.... er... not really.

    if you're happy at Ecoli- Del-Mar, that's fine with me.

    Aug 27th, 2014 - 10:24 pm - Link - Report abuse 0
  • Pete Bog

    Any arrests been made by the Argentine government?

    Any requests to Interpol?

    Any court cases pending against oil workers/execs?

    Any warrants?

    After all, Argentina always means what it says, right?

    Aug 29th, 2014 - 03:37 pm - Link - Report abuse 0
  • ilsen

    Can wait for the Argentine Gov to try to arrest some US oil executives. For that showdown I would bring a whole barrel of popcorn!

    Aug 30th, 2014 - 12:19 pm - Link - Report abuse 0

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