Falkland Oil and Gas Limited (FOGL) announced that the ‘Humpback’ exploration well, offshore the Falkland Islands, has been spudded on June 13, 2015.
The well is located on licence PL012 in which FOGL has a 52.5% working interest and will target the Humpback prospect. Noble Energy is the operator of the licence.
FOGL says that Humpback is located within a cluster of similar prospects, in the Fitzroy sub-basin, which have a total, combined, prospective resource of over one billion barrels of oil. The well will test multiple stacked reservoirs within the Cretaceous Diomedea fan complex. The Humpback well is located in a water depth of approximately 1,260 metres and is expected to reach a total depth of 5,350 metres.
According to the company, the well is anticipated to take approximately 65 days to drill.
FOGL is partially carried through the costs of this well by Noble Energy and has a paying interest of 27.5%.
Tim Bushell, CEO, commented: “The Humpback well is the exciting first test of a new geological play concept within the South and East Falkland basins. In the event of encouraging results, we have identified, on 3D seismic, multiple follow-up prospects.”