One Seismic Survey Done. Another on the Way (Falkland Islands)
FOGL, the oil and gas exploration company focused on its extensive licence areas to the South and East of the Falkland Islands has provided the following operations update with respect to the ongoing 3D seismic programme.
3D seismic survey over the Cretaceous Fault Blocks completed
The PGS M/V Ramform Sterling has completed a 3D seismic survey over the Cretaceous Fault Blocks within FOGL’s Southern Area Licences. A total of 1,018 square kilometres of full fold seismic data have been acquired. This survey was designed to target a number of prospects and leads immediately to the west and north-west of the Darwin gas-condensate discovery. The survey was operated by Noble Energy on behalf of the Joint Venture, which also includes Edison International Spa. The survey was completed within budget.
The data will now be processed by PGS and a fast track product will be available for interpretation in approximately two months. It is anticipated that the final processed data will be available in the fourth quarter of 2013. The fast track data will be used to commence prospect mapping and the selection of well locations.
Third 3D survey
The Joint Venture expects to award a contract in the near future for a third 3D seismic survey that will be acquired in the northern licence area in the fourth quarter of 2013.