Rockhopper Exploration’s oil reserves in North Falkland have doubled to more than 300 million barrels in what experts believe to be a billion barrel basin.
Falklands Development | Offshore Post
Premier discovers oil offshore Falklands Islands at its Isobel Deep prospect, in well 14/20-2, moving the area closer to oil and gas production.
Offshore oil and gas explorers, Rockhopper Exploration and Falkland Oil & Gas are to merge after agreeing an all share deal Tuesday.
The Argentinian government has ordered the seizure of all assets owned by oil and gas exploration companies operating within Falklands Island waters.
Premier Oil, the British exploration and production company, has announced it has made an oil discovery at its Isobel Deep well in the North Falkland Basin.
Argentina has announced that it is initiating legal proceedings designed to stop five oil companies drilling in the seas around the Falkland Islands.
Falkland Oil and Gas Limited have announced that the Isobel Deep exploration has been successfully spudded, following the successful Zebedee discovery
Premier Oil has started a new exploration campaign near the Falkland Island and is hoping to extract 281 million barrels of oil equivalent (mmboe).