Falkland Islands: Borders & Southern Spuds Exploration Well

UK-based Borders & Southern Petroleum plc announced that their offshore exploration well 61/17-1 was spudded on yesterday (31st January 2012).

The well is situated approximately 140 km south of the Falkland Islands. B&S is the operator of the well, holding a 100% interest in licence PL018. It is the first of a two well exploration programme. The main objective of the well is to test the Darwin East prospect, a fault / dip closed structure with a Lower Cretaceous sandstone reservoir target. The well will investigate geophysical attributes that include a flat spot, amplitude conformance to structure and an AVO anomaly. It is anticipated that operations will take about 45 days.

The Company holds a 100% equity interest and operatorship of five Production Licences covering an area of nearly 20,000 sq km in the South Falkland Basin. The acreage is located approximately 150 km south-east of the Islands. The Production Licences, with an effective date of 1 November 2004, provide exclusive rights for surveying, drilling and production within the specified area.

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Offshore Energy Today Staff, February 1, 2012; Image: Borders & Southern Petroleum