Falkland Oil & Gas Says Drilling Starts at Humpback Exploration Well
15 June 2015 - 5:10PM
Dow Jones News
By Alex MacDonald
LONDON--Falkland Oil & Gas Ltd. (FOGL.LN) said Monday that
drilling started at the Humpback exploration well off the coast of
the Falkland Islands on Saturday.
The well is located on licence PL012 in which Falkland Oil and
Gas has a 52.5% working interest. The Humpback prospect is located
within a cluster of similar prospects in the Fitzroy sub-basin,
which have a total combined prospective resource of over 1 billion
barrels of oil.
The well will test multiple stacked reservoirs within the
Cretaceous Diomedea fan complex at a total depth of up to 5,350
metres.
The well is forecast to take about 65 days to drill. Falkland
Oil & Gas is partially carried through in terms of costs by
Noble Energy Inc. (NBL), the license operator, and is only
responsible for 27.5% of the costs.
-Write to Alex MacDonald at alex.macdonald@wsj.com
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