LONDON – The semisubmersible Eirik Raude has spudded the third exploration well of its current campaign off the Falkland Islands on the deepwater Humpback prospect in the Fitzroy sub-basin.
The well is being drilled on license PL012, southeast of the islands, in which Falkland Oil and Gas Ltd. (FOGL) has a 52.5% interest. It is the first to test a new geological play concept in the area.
Humpback, in 1,260 m (4,134 ft) of water, is one of a cluster of lookalike prospects in the Fitzroy sub-basin identified from 3D seismic, with total prospective oil resources of more than 1 Bbbl.
The well will test multiple stacked reservoirs within the Cretaceous Diomedea fan complex. It is expected to take around 65 days to drill.
FOGL is part-carried through the costs by license operator Noble Energy.