Offshore Falklands license shares realigned

Offshore staff

LONDON – Premier Oil and Rockhopper have completed a farm-in to Falkland Islands offshore licenses PL004a and PL004c.

Desire Petroleum, recently acquired by Falkland Oil & Gas Ltd. (FOGL), had interests in the concessions of 92.5% and 75%, respectively. The enlarged FOGL group’s stakes now are cut to 40% in each case.

Premier and Rockhopper have agreed to fund FOGL’s share of the cost of two exploration wells, one on each license, set to be drilled in late 2014 to early 2015. These will target the Isobel/Elaine and Jayne prospect.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...