Tag: Sea Lion Main Complex

• Tuesday, August 25th 2015 - 20:09 UTC

  Falklands' Humpback exploration well results delayed until September

  

  Falkland Oil & Gas Ltd told investors that drilling of the deep water Humpback exploration well in South Falkland basin has run into delays. They were described as ‘unforeseen equipment and operational issues’ and it has added just over a month to the schedule – to about 100 days from 65 planned days – so the well results are now expected during September.

• Saturday, July 11th 2015 - 06:18 UTC

  Premier Oil Falklands' exploration budget increased given successful drilling

  

  Premier Oil has increased its 2015 exploration budget by $20 million to account for higher investments in its drilling campaign in the Falkland Islands, the company said this week in a trading update. The company also revealed it is considering further drilling at the Isobel Deep recent discovery instead of going on to Jayne East in North Falkland.

• Friday, May 29th 2015 - 09:44 UTC

  Falkland Islands welcomes 'oil discovery' at the Isobel Deep exploration

  

  The Falkland Islands Government welcomed Thursday's announcement by Premier Oil and partners that the 14/20-1 ‘Isobel Deep’ exploration well has been declared an “oil discovery”. Isobel Deep in the North Falkland basin, is the second well of a six-well offshore campaign planned to take place in the Islands waters through 2015.

• Thursday, May 14th 2015 - 00:17 UTC

  Premier confirms Falklands' frontier exploration, where it continues drilling

  

  Premier Oil, currently involved in successful exploratory drilling in the Falkland Islands, produced less oil and gas in the first quarter of the year, but its output of 60,200 barrels of oil equivalent per day (boepd) was above guidance, sending its shares higher on Wednesday.

• Tuesday, April 7th 2015 - 22:40 UTC

  Falklands oil exploration rig moves to Isobel Deep, following Zebedee drilling success

  

  Following its success with the Zebedee drill, the rig Eirik Raude is moving a short distance to start the second well of the latest Falkland Islands exploration campaign. The next target of the current four prospects exploration campaign is Isobel Deep, later followed by Jayne East and finally Chatham.

• Monday, March 30th 2015 - 06:58 UTC

  Falklands' oil industry advances despite the fall in oil prices, according to FT

  

  A recent piece from the Financial Times points to the fact that despite the remoteness of the Falkland Islands, the fall of international oil prices and the ongoing conflict with Argentina, this has not impeded small oil and gas companies from going ahead with exploration, and hopefully before 2020 production, in the Islands waters.

• Wednesday, March 25th 2015 - 07:07 UTC

  Falklands' economy performance impressive, although volatile and vulnerable

  

  The Falkland Islands economy has witnessed impressive, although volatile, growth in recent years with unemployment rates low enough to be the envy of most countries in the world and the government is free of debt, according to the latest “State of the Economy” released by the Falklands Policy Unit.

• Friday, March 6th 2015 - 22:08 UTC

  Falklands oil drilling campaign takes off with spudding on the Zebedee prospect

  

  Premier Oil spudded its first 2015 Falklands drilling campaign well, 14/15-5, using the Eirik Raude semisubmersible drilling rig on the Zebedee prospect on 6 March. The well, on license PL004b, will test a total of seven stacked fan bodies with varying geological chances of success (GCoS) of 9-52%.

• Tuesday, January 6th 2015 - 07:14 UTC

  Rockhopper awarded exploration licence with ENI, in Croatian Adriatic

  

  The British company Rockhopper Exploration, with interests in the Falkland Islands, has been awarded a licence to explore, together with Italy's Eni, a field for possible oil and gas exploitation in the central part of the Croatian Adriatic.

• Friday, November 14th 2014 - 07:27 UTC

  Falklands accepts Premier's 'realistic solution' to current world oil price environment

  

  The Falkland Islands Government said on Thursday it took notice of the announcement by Premier Oil of their revised proposal for commercial oil production in the Falkland Islands, which “it is considered represents a realistic solution to progress development in the current international oil price environment”.