Press Releases

06 Aug 2012

Commencement of Loligo well operations

FOGL, the oil and gas exploration company focused on its extensive licence areas to the South and East of the Falkland Islands, is pleased to announce the Loligo exploration well 42/07-01 was spudded on Friday 3 August 2012. The well is located approximately 200 km east of the Falkland Islands. FOGL is the operator of the well, holding a 75% interest, together with its joint venture partner Edison International Spa, who hold the remaining 25% interest in licence PL028. It is the first of a two well exploration programme using the Leiv Eriksson semi submersible drilling rig.
 
The well is designed to test the Loligo Complex, which is a large Tertiary aged stratigraphic trap with multiple reservoir objectives.
 
It is anticipated that the well operations will be around 60 days.
  
Enquiries:
 
Falkland Oil and Gas

 +44 (0) 207 563 1260
 Tim Bushell, Chief Executive
 
 Oriel (Nominated Advisor and Joint Broker)
 +44 (0) 207 710 7600
 David Arch / Gareth Price / Ashton Clanfield
 
 Jefferies Hoare Govett (Joint Broker)
 +44 (0) 207 029 8000
 Alex Grant / Chris Zeal / Graham Hertrich
 
 FTI Consulting
 +44 (0) 207 831 3113
 Ben Brewerton / Ed Westropp

 

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