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Falklands' offshore Scotia well not viable: Noble Energy will take 75m write down

Monday, October 6th 2014 - 07:19 UTC
Full article 36 comments

Houston-based Noble Energy will take a 75 million write down for exploration costs after determining that its offshore Scotia well in the Falkland Islands is not commercially viable. The well was drilled in 2012 using 2D seismic interpretation but was deemed non-commercial following analysis of 3D seismic data. Read full article

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  • Englander

    Will Argentina get the hump over Humpback?
    I sincerely hope so.

    Oct 06th, 2014 - 07:41 am - Link - Report abuse 0
  • paulcedron

    “Falklands' offshore Scotia well not viable...”

    what did i say during months?
    that that tiny little oil well is not viable.
    that the oil of that tiny little well is not commercial.
    and all that for free.

    noble energy...lol

    Oct 06th, 2014 - 12:48 pm - Link - Report abuse 0
  • golfcronie

    @2
    You mentioned Scotia well months ago? And what thread was that on? The FALKLANDS will be drilled in 2015 H2 and I have no dout they will find commercial amounts of gas and oil. How is VACA MUERTA getting on? I expect you will be self suffient in oil shortly, or you will not have the reserves to see you through summer. Incidently they knew back in 2012 that the permeability was not good. Research you knob.

    Oct 06th, 2014 - 02:36 pm - Link - Report abuse 0
  • gordo1

    @ 2 Mamarracho No.1

    In order for us believe any of your comments re the oil industry it would be interesting to know just where your expertise comes from. Please enlighten us - gracias.

    Oct 06th, 2014 - 04:27 pm - Link - Report abuse 0
  • golfcronie

    @4
    He is an oil executive in Apache oil and sitting on many billions of oil in VACA SUERTE ( sorry MUERTE ) only trouble is they do not have the expertise nor the money to develop it. Who in their right mind lend money to TDC and how much import duty is on oil machinery and spare parts. Such a shame really as TDC is run by tosspots who have no idea.

    Oct 06th, 2014 - 04:41 pm - Link - Report abuse 0
  • Briton

    If the oil companies struck gold first time every time,
    perhaps they would predict the lottery,

    but in the real world , these things happen,
    its only silly anti Falkland's indoctrinated fools that believe otherwise.
    still,
    perhaps argentine mainland has done much better...lol

    Oct 06th, 2014 - 06:48 pm - Link - Report abuse 0
  • Islander1

    Paulie - once again you 100% show your ignorance!
    Scotia was not even drilled by Noble - it was drilled 2 yrs ago by FOGL - Noble joined it later. It did not bring oil to the surface - just fou8nd traces of it and they were unable to drill to full depth because of rock type-tempertures and thus risk of blowout. It looked very encouraging if they could fins another drill spot to go for into it - from the 3D survey they either could not find a safer spot or found evidence that there was little chance of commercial oil in that rock formation.
    Basic Bog Standard Oil Exploration work you idiot!

    The proven commercial field is called Sealion - and a decision when to go ahead with development and exploitation will be likely to be made middle 2015.
    All public information.
    At the moment SeaLion on its own would be costly - but still probably viable - it will be a lot easier financially to exploit if the 2015 drilling round comes up with another field in the area or in the south basin.
    Again all common logical knowledge.

    Except for your little brain I guess!

    Oct 06th, 2014 - 10:59 pm - Link - Report abuse 0
  • castortroy

    Hahahaaaaaaaaaaaa suckers!!
    It looks like your gonna keep sucking on the UK taxpayer to maintain mpa.

    Oct 07th, 2014 - 01:45 am - Link - Report abuse 0
  • Islander1

    8- MPA cost nothing to do with Oil/Gas , now or in the future- that is committed and paid for for a long time to come by all major political parties in UK as long as Argentina maintains its Agressive stance against us.
    Its you folks who are the suckers!

    Without Oil/Gas you will still never ever get our Islands against Our wishes.

    With Oil/Gas you still wont get them - and on top your will cut your noses off and refuse to have any of the supply-development business - which will go to countries like Chile and Brazil instead - along with Scotland of course. When the Dollar business opportunitee get on 100s millions you will find that attitudes of some of your neighbours will change a bit - they (unlike Argentina) are not stupid!
    But even if they stay out of it - it will still happen - all done by UK instead.

    Oct 07th, 2014 - 02:05 am - Link - Report abuse 0
  • castortroy

    We'll invade as soon as we put an army together anyway. Russia will provide the newest toys and China the jet fighters. What little daddy england gonna do about it?
    They'll say 'well we were going to hand them back anyway, by the way do you wanna buy some trains?

    Oct 07th, 2014 - 09:50 am - Link - Report abuse 0
  • Anglotino

    “It looks like your gonna keep sucking on the UK taxpayer to maintain mpa.”
    Yep! Agreed. And it will indeed continue. Nothing you can do about it.

    “We'll invade as soon as we put an army together anyway.”
    Bahahaha you have to actually build an army. Considering how bad your pathetic army did last time they invaded, bring it on. I mean not only were the Islands practically undefended, but the UK had to supply and fight back from Europe.

    And you still lost abysmally.

    Oct 07th, 2014 - 10:08 am - Link - Report abuse 0
  • gordo1

    We have a third ”mamarracho here, don't we? Castortroy!

    Oct 07th, 2014 - 11:30 am - Link - Report abuse 0
  • Benson

    “Russia will provide the newest toys and China the jet fighters.”
    And Argentina will provide the teenage conscripts to do the dying again.

    Oct 07th, 2014 - 11:30 am - Link - Report abuse 0
  • paulcedron

    so no commercial oil in the islets.
    go find a job, you lazy islanders...lol

    Oct 07th, 2014 - 01:26 pm - Link - Report abuse 0
  • Turtle Island

    I said and I repeat: “.. They can never extract a single barrel of commercial oil without the help of Argentina ..” Islanders know why they are hoping for a change of government in Argentina. But from now inform you that whatever the government does not want to negotiate with you on anything. It is more and we want to see why we will not ever meet with any delegation of usurpers ..

    Oct 07th, 2014 - 04:57 pm - Link - Report abuse 0
  • golfcronie

    @14
    Here we go again that oil executive of PATO MUERTE ( sorry VACA MUERTE )saying as it is. For your information I know the ex CEO of Premier oil and he has on order a TLP and being built as we speak for the Sealion oilfield. And why would they order a 80 room hotel if they do not expect oil. Good luck with the financing of VACA MUERTE it is going to cost 100s of billions to make any diffence to your economy.

    Oct 07th, 2014 - 05:14 pm - Link - Report abuse 0
  • Briton

    10'
    We'll invade as soon as we put an army together anyway
    and find some ships that float, and some planes that can fly, oh and don't forget the flying little piglets in the sky.. bla bla bla,

    the Falklands will remain British until the islanders say otherwise,

    and their is nothing you argies can do abt it.
    rock onn...lol

    Oct 07th, 2014 - 07:30 pm - Link - Report abuse 0
  • Islander1

    Turtle - Will you please explain for us Why you think this? What would any oil exploitation depend on Argentian for?
    Please tell me?

    Shipping brings all materials and supplies etc from Europe - direct.

    Airlines bring all personnel and urgent supplies direct from Europe
    and go nowhere near S.America.

    The Islands has the port facilties and the airport and will have the accommodation for transit staff. Local companies here have the knowledge and expertise now( several have formed JVs with Aberdeen based companies and brought in expertise to train locals) to provide the relevant shore based support operations

    Yes - all the above cost money - and overall the process would be cheaper with the involvement of some South American companies - but is NOT essential.

    Go on - tell me what we cannot do without Argentina?

    Paulecdron - learn to read stupid! Commercial Oil was found over 18months ago!

    Oct 07th, 2014 - 08:38 pm - Link - Report abuse 0
  • The Cestrian

    TBF the best way to put the Argies off the scent is to declare that “there is no oil” and then promptly drill for it, bring it onshore etc. whilst their attention is deflected.

    No way would I publically state that oil had been discovered. It would just encourage the Argies further.

    Oct 07th, 2014 - 09:37 pm - Link - Report abuse 0
  • aussiesunshinee

    now what will the share holders say about this ................

    Oct 07th, 2014 - 11:47 pm - Link - Report abuse 0
  • paulcedron

    18 Islander
    “Paulecdron - learn to read stupid! Commercial Oil was found over 18months ago!”
    lol, yeah, right...
    find a j-o-b, you nabo.

    Oct 08th, 2014 - 12:25 am - Link - Report abuse 0
  • Islander1

    Paulcedron - then what did RKH “prove drill” 2 yrs ago - that Premiere Oil then bought into with a lot of money about 18months ago?

    What is Premier currently employing some 80 plus costly tecnicians and design engineers on drawing up and designing and costing?

    Oct 08th, 2014 - 12:31 am - Link - Report abuse 0
  • Marcos Alejandro

    Another duster..

    Oct 08th, 2014 - 03:23 am - Link - Report abuse 0
  • Benson

    “.. They can never extract a single barrel of commercial oil without the help of Argentina ..”
    Pretty sure they wouldn't have even started exploratory drilling if they didn't have a plan to extract without Argentinas help.

    Oct 08th, 2014 - 08:19 am - Link - Report abuse 0
  • Islander1

    Turtle- I am still waiting for you to explain?

    Or is it that perhaps you are an Argentine and therefore logical explanation is difficult!

    Oct 08th, 2014 - 11:36 am - Link - Report abuse 0
  • Briton

    they throw out challenges yet fail to answer simple questions,
    these argies are all mouth and no trousers...lol

    Oct 08th, 2014 - 01:10 pm - Link - Report abuse 0
  • Islander1

    Turtle- We are still waiting to hear from you??????????

    Oh Paulie - I have a good job many thanks, own my own business.

    Oct 08th, 2014 - 03:20 pm - Link - Report abuse 0
  • gordo1

    paulcedron mamarracho

    I await your answer to my No.4.

    Oct 08th, 2014 - 04:44 pm - Link - Report abuse 0
  • Briton

    The only thing he knows abt oil is zilch, and the only thing he knows abt petrol is where to put it..lolol

    Oct 08th, 2014 - 06:10 pm - Link - Report abuse 0
  • castortroy

    I remember slightly different. I remember a lot of war ships sinking in flames and the folks back in britain fricking out like the pussies they are.

    Oct 08th, 2014 - 11:17 pm - Link - Report abuse 0
  • Islander1

    Think we can safely say Turtle and Paul have showed their national standards - running for cover Argentines.

    Oct 09th, 2014 - 02:11 am - Link - Report abuse 0
  • inthegutter

    #30

    It seems you're a product of Argentine brainwashing...

    Last time you attempted to brutally invade a group a peaceful barely defended islands (including 50 marines you attempted to murder* in their sleep) you had some of the most advanced toys. Despite this, massive superiority in numbers, and short supply lines (some few hundred km compared to the British 13,000 km) Argentine forces were defeated in less than a month (after landing). Furthermore British forces incurred less than half the causalities of the Argentine forces. I also remember than the entire remaining Argentine force (>11,000 men) were captured by the British forces.

    Today the FI are defended by a small albeit modern and professional garrison. The four defensive aircraft on the islands, and single small guard-ship, is more than enough to hold off any Argentine invasion.

    Go back to your pathetic murderous fantasy.

    * murder because you were too cowardly to even declare war.

    Oct 09th, 2014 - 07:58 am - Link - Report abuse 0
  • Briton

    30
    a coward keyboard typer from afar,

    you mouthing off just shows those who are reading all these blogs, that you are truly brainwashed.

    Oct 09th, 2014 - 11:44 am - Link - Report abuse 0
  • Pete Bog

    @8

    “It looks like your gonna keep sucking on the UK taxpayer to maintain mpa.”

    Us UK taxpayers don't object to MPA being funded.

    @10

    “China the jet fighters. ”

    Where will these land when all Argentine runways within 1000 miles of the Falklands have been destroyed?

    “We'll invade as soon as we put an army together anyway.”

    This time you won't be facing only 50 Royal Marines, who caused a lot of damage despite being outnumbered, and had nothing more powerful than a Carl Gustav-fancy your chances do you?

    “What little daddy england gonna do about it?”

    Bozo, it's the UK, not England (notice Scotland rejected independence???)

    1.Station two T45 destroyers in the South Atlantic-that's your Chinese fighters f**ed (even if no Typhoons appear).

    2.Destroy the majority of Argentina's runways=nowhere for any more Chinese fighters.

    3.Sink any Argentine ship that is still afloat.

    4. Mobilise the RIC and all the rest of the military personnel(whatever their trade, UK servicemen are trained to fight).

    5.Stage a massive reinforcement of MPA within 48 hours

    @14

    “go find a job, you lazy islanders...lol”

    Most of the Islanders have a job-many have two-unlike in Argentina...

    @30
    “ I remember a lot of war ships sinking in flames a”

    Yes. according to Argentina, HMS Invincible was sunk 5 times. Funny that, I saw it sail back into port after the war, so I guess our salvage services are second to none, after raising the Invincible from the sea bed 5 times.

    Oct 10th, 2014 - 02:28 am - Link - Report abuse 0
  • Benson

    @34 Pete

    Or the Hermes.
    http://www.britmodeller.com/forums/index.php?/topic/16136-some-cold-war-cartoon/
    Panel 3

    Oct 10th, 2014 - 08:10 am - Link - Report abuse 0
  • Pete Bog

    @35 Benson

    LOL-my favourite is (something like) “These Superbooties are Thatcher proganda” Love that because the cartoon was a spitting image of a mate of mine who was a Bootneck.

    Ahhhhh, that's why I saw Invincible sail in, but wait, I saw Hermes come in too.

    Did the Argies sink both carriers, or was it just one that was salvaged 5 times?

    I was suckered by everything 'Corned Beef Kate' said......

    One of my favourite pieces of Corned Beef Kate's propaganda was on hearing the Ghurkas were being sent, CBK said they would be repelled by 'Super Gauchos' who's knives were longer than the Khukris-only I don't remember these Super Gauchos actually turning up....

    Oct 12th, 2014 - 02:38 pm - Link - Report abuse 0

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