FOGL is currently evaluating the results of a major 3D seismic acquisition programme over its southern licences. This programme comprises three separate survey areas. The first two surveys were completed in 2013 and their results are currently being evaluated. A third survey is currently underway. The aim of the 3D programme is to identify suitable drill targets (prospects) and locate the most promising areas in terms of reservoir quality and likelihood of finding oil.
In the North Falklands Basin FOGL is planning to participate in three exploration wells, on the Zebedee, Jayne and Isobel prospects.
The companys two operators Noble Energy and Premier Oil are currently looking to share a suitable deep-water rig to commence operations in 2015. FOGL will participate in at least five wells in the next campaign.