FOGL: Falkland Islands seismic survey completed. Drilling in early 2015

FOGL has informed that the PGS M/V Ramform Titan vessel has completed a 3D seismic survey over the Cretaceous Hersilia Fan complex within FOGL’s Northern Area Licences in the Falkland Islands.

A total of 5,747 square kilometres of full fold seismic data have been acquired. This survey was designed to target a number of prospects and leads including Hersilia, West Hersilia and Challenger. The survey was operated by Noble Energy on behalf of the Joint Venture, which also includes Edison International Spa. The survey was completed within budget.

The data will now be processed by PGS and a fast track product will be available for interpretation in approximately three months. It is anticipated that the final processed data will be available in the third quarter of 2014. The fast track data will be used to start prospect mapping and the selection of well locations.

This is the third and final 3D survey prior to the next drilling programme, which is expected to start in early 2015. The joint venture has now acquired 12,000 square kilometres of high quality 3D seismic data and is very encouraged by the results of the first two surveys.

PGS have operated all three surveys, which have been conducted safely and without incident.