Tag: Sea Lion Main Complex

• 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”.

• Tuesday, August 26th 2014 - 07:26 UTC

  Falklands: Premier Oil confirms full commitment to Sea Lion project

  

  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.

• Friday, July 18th 2014 - 08:53 UTC

  Falklands enters oil production stage: contract awarded for designing tension leg platform

  

  International engineering and project management company, AMEC, will be the company responsible for designing Premier Oil’s tension leg platform (TLP) for the Sea Lion Development in the North Falklands Basin, 200 kilometers to the north of the Falkland Islands.

• Friday, July 11th 2014 - 22:28 UTC

  Falklands: Premier looking for a partner to develop the 5bn Sea Lion project

  

  Premier Oil Plc newly appointed Chief Executive Officer Tony Durrant said that one of his priorities is to find a partner to share the 5bn dollar investment to develop the Sea Lion project off the Falkland Islands, because it does not want to become a 'pure Falkland Islands company in five years time'.

• Wednesday, June 4th 2014 - 20:26 UTC

  Falklands' welcomes rig-contract which marks beginning of oil drilling season in first quarter of 2015

  

  The Falkland Islands Government welcomed the announcement on Thursday morning that a drilling rig has been contracted by a consortium of licensees for a new six-well program of offshore exploration and appraisal work commencing in early 2015.