Subscribe to our free daily newsletters
  Energy News  




Subscribe to our free daily newsletters



ENERGY TECH
Falklands set to increase drilling for oil

disclaimer: image is for illustration purposes only
by Staff Writers
Stanley, Falkland Islands (UPI) Dec 21, 2010
The British-ruled Falkland Islands government and oil companies contracted to explore for deep-sea oil will increase drilling operations in 2011 and reinforce this year's result with a designated Discovery Area in the South Atlantic.

Falklands oil exploration became a contentious issue when Argentina challenged Britain's right to tap oil in the North Falklands Basin, disputing the sovereignty of both Britain and the Falkland Islands government.

Argentina invaded Falkland Islands, a British overseas territory, in 1982 but was repulsed, with the loss of more than 1,000 lives on both sides.

The rise of the Falklands as a potentially oil-rich region gave Argentina new ammunition to push its sovereignty claim. It won support for its stand at Latin American forums, including the Union of South American Nations and Mercosur trade pact.

Despite signs that Argentine sovereignty claims will gain momentum in the coming months shareholders in the oil prospecting operations received a pre-Christmas boost with Monday's announcement of a new drilling season.

The Rockhopper Exploration company reiterated its commitment to Falklands' oil quest and set out plans to increase the number of its drilling options and 3-D seismic surveys. The company is in talks with the Falklands' government for a formal declaration of a Discovery Area where Rockhopper earlier struck oil.

Other oil companies active on the islands, including Desire Petroleum, have indicated they want to increase drilling options in the new year.

The companies have shared use of the Ocean Guardian drilling rig they leased from Scotland in 2009.

"We are delighted to have secured the use of the Ocean Guardian for a further two wells and we are in discussions to secure further drilling slots," Rockhopper Chief Executive Sam Moody said. "We expect to undertake a significant drilling program during 2011, including a number of appraisal and exploration wells designed to refine our understanding of our northern licenses."

The Discovery Area is likely to include the Sea Lion discovery well 14/10-2, which was found to contain oil in commercial quantities.

Additional drilling due to begin in January will be outside the proposed Discovery Area, Rockhopper said in a news release. Rockhopper says it has identified a number of other potential locations where it plans to conduct appraisal and exploration drilling.

The company has also commissioned a seismic survey, being conducted by MV Polarcus Nadia and likely to end in April.

Rockhopper was launched in 2004 with a strategy to invest in and carry out an offshore oil exploration program in the North Falkland Basin and adjoining areas.



Share This Article With Planet Earth
del.icio.usdel.icio.us DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook



Related Links
Powering The World in the 21st Century at Energy-Daily.com



Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


ENERGY TECH
OPEC courting oil price risk
London (UPI) Dec 21, 2010
The Organization of Petroleum Exporting Countries is courting risks for world economic recovery by not doing enough to maintain a better balance between oil price and production, London's Center for Global Energy Studies warned in its Monthly Oil Report. CGES published its analysis of OPEC officials' conduct at the recently ended ministerial conference of the producer group in Ecuador. ... read more







ENERGY TECH
Britain's new clean energy support scheme

China's State Grid acquires Brazil power assets

Policies To Spur Renewable Energy Can Lower Energy Costs

Algeria pushes to revive energy industry

ENERGY TECH
Falklands set to increase drilling for oil

Crude up in Asia on cold weather, Chinese energy demand

Iron ore, coal boost Australia-China trade 8.8 percent

OPEC courting oil price risk

ENERGY TECH
Italy wind farm seized by prosecutors

China 'concerned' over US wind power challenge at WTO

Outsmarting The Wind

US challenges Chinese wind power subsidies at WTO

ENERGY TECH
Foreign firms look to increase solar power presence in India

New solar cells could even work at night

US DoI Approves SolarReserve's 110MW Nevada Solar Power Project

45 MW Solar PV Project Launched In Bulgaria

ENERGY TECH
Serbia's nuclear waste shipped to Russia: IAEA

Japan, S.Korea seal civilian nuclear pact

No China power plant for GDF Suez until prices clear: CEO

Malaysia aims to build two nuclear power plants

ENERGY TECH
Scania To Deliver Trucks For Biofuel Project In Liberia

TetraVitae Bioscience Achieves First Demo Of Renewable n-Butanol From A Corn Dry-Mill

Fuel Preparation Technology Breaks Barrier On Liquid Fuels Use

Encouraging Development Of Domestic Advanced Biofuels Could Ensure National Security

ENERGY TECH
China Builds Theme Park In Spaceport

Tiangong Space Station Plans Progessing

China-Made Satellite Keeps Remote Areas In Venezuela Connected

Optis Software To Optimize Chinese Satellite Design

ENERGY TECH
Polar Bears Still on Thin Ice

California approves first broad US climate plan

Polar Bears Still On Thin Ice

Climate change worse for Southeast Asia


The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement