Rockhopper spuds appraisal well of Sea Lion oil discovery offshore Falklands

Source: Rockhopper Exploration

Offshore the Falkland Island in South America, Rockhopper Exploration plc (AIM: RKH) spud the 14/10-4 appraisal well on February 19, 2011. 14/10-4 is the first appraisal well to be drilled on the Sea Lion feature situated on Licence PL032, which is 100% owned and operated by Rockhopper.

The appraisal well (14/10-4) is located 2.3km away from the Sea Lion 14/10-2 discovery well, in the southern lobe of the Sea Lion fan system. 14/10-4 is designed to investigate reservoir and hydrocarbon columns downdip of the Sea Lion 14/10-2 discovery well. The planned Target Depth of circa 3,000 metres will investigate the possibility of deeper sands than those encountered in the Sea Lion discovery well.

Drilling operations are expected to take approximately 38 days and a further announcement will be made once drilling is completed.

Rockhopper drilled an exploration well on its Sea Lion prospect during April and May 2010, the result of which was the first oil discovery and Contingent Oil Resource in the North Falkland Basin. The Sea Lion discovery was successfully tested during September 2010 and was the first oil to flow to surface in Falkland Islands waters.

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