Rockhopper Exploration PLC reported a “fantastic result” as its third discovery in the North Falkland basin encountered oil and-or wet gas in four hydrocarbon-bearing target zones, said the company on a Tuesday release in London.
Rockhopper Exploration announced Thursday in its interim results statement that the Falkland Islands drilling campaign has been very successful as it has established the Sea Lion discovery as a world-class asset.
Rockhopper Exploration announced Monday the spudding of its last well of the current successful drilling round in Falkland Islands waters. The well 15/15-4 in the North Falkland basin is situated on Licence PL004b in which Rockhopper will earn a 60% interest following the drilling, with Desire Petroleum holding a 40% interest.
Rockhopper Exploration declared a second oil and gas discovery in Falkland Islands waters and announced the drilling of an additional two wells. The announcement comes exactly two years to the day since the Falklands’ shore based yard began its work in support of oil development in the Islands.
Falkland Islands explorer Rockhopper Exploration (RKH) has secured the Ocean Guardian drilling rig for another well in the burgeoning oil province.
Falklands’ oil explorer Rockhopper said the latest well in its controversial drilling campaign in the South Atlantic Islands has come up dry.
The commerciality of the Falkland Islands Rockhopper Exploration’s Sea Lion oilfield development shouldn’t be significantly impacted by logistical problems arising from Argentina’s claim over the sovereignty of the Islands, according to analysts at the Royal Bank of Scotland.
Monday morning Rockhopper Exploration announced the spudding of its latest exploration well, 14/10-7, to further test the Sea Lion oil discovery in Falkland Islands waters.