Much prospective activity in the South Falkland Basin Darwin gas discovery

Friday, December 2nd 2022 - 10:36 UTC

Full article 4 comments

Borders & Southern Petroleum PLC, the independent oil and gas explorer focused offshore the Falkland Islands is raising £2.5 million to advance studies in its wholly-owned Darwin Gas Condensate discovery. Read full article

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Brasileiro
Look, offshore gas exploration, in addition to being expensive, is not easy. If we are talking about a deposit in the extreme south of the planet, a region very far from everything (only close to Argentina...laughs again), I would say that its commercially advantageous exploitation is practically impossible.

Well, I won't even say anything about shipping.
Dec 02nd, 2022 - 12:12 pm - Link - Report abuse 0
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FortHay
Valid point, Brasileiro, but it very much depends on the value of the discovery. The Alaskan North Slope is the counterexample. Huge infrastructure, extraction and transport costs were capitalized because the results justified the risks. In some smaller remote offshore locations, anchoring a tanker next to the production platform until full, provides for a cost effective solution. As long as we have sustained elevated prices per barrel, more costly hydrocarbon extraction will come on stream.
Dec 02nd, 2022 - 04:26 pm - Link - Report abuse 0
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portman
too slow to get started. by the time funds are raised it is most likely prices will no longer be elevated, the high costs will prove uneconomic and the boat will be missed, yet again.
Dec 02nd, 2022 - 09:44 pm - Link - Report abuse 0
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Tænk
That would be correct..., Mr.Portman...

.......................................................................... “Too slow to get started. By the time funds are raised it is most likely prices will no longer be elevated, the high costs will prove uneconomic and the boat will be missed, yet again...”

But...

If all goes after their cunning plan..., some fresh & juicy £2.5 million will be on the coffers of Borders & Southern Petroleum PLC, the independent oil and gas explorer focused offshore the Falkland Islands to pay the board of director's wages for some more years...

Capisce....
Dec 03rd, 2022 - 11:04 am - Link - Report abuse 0
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