Advertisement

Falkland Oil and Gas completes 3D seismic

Falkland Oil and Gas has completed a 3D seismic survey over the Cretaceous Diomedia fan complex in the South Falklands basin.

Falkland Oil and Gas has completed a 3D seismic survey over the Cretaceous Diomedia fan complex in the South Falklands basin.

A total of 5,235 sq km seismic data was acquired at the licence, a joint venture with Edison International Spa, as part of a survey operated by Noble Energy.

Advertisement - Article continues below

The company said more 3D data was acquired than anticipated as the Diomedia fan system covers a large area and partners wanted to gain as much data as possible on prospective areas.

Nevertheless, the survey was completed within the original budget.

Data will be processed by PGS and a fast track product will be available for interpretation in about four months. The final processed data is expected to be available in the fourth quarter of 2013.

The fast track data will be used to begin prospect mapping and well planning.

"Initial test lines from the survey indicate excellent data quality and imaging of the Cretaceous target interval," the group said.

A second 3D seismic survey has now begun, covering an area of 1,000 sq km.

RD

Advertisement
Advertisement

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020
Why investors should be “cautiously bullish” for 2020
Stockmarkets

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular

What gold, bonds and tech stocks have in common
Stockmarkets

What gold, bonds and tech stocks have in common

"Risk off" or "safe haven" assets such as gold and government bonds have been doing well lately. But so have riskier tech stocks. That seems to defy c…
10 Jul 2020
An economics lesson from my barber
Inflation

An economics lesson from my barber

On reopening his shop after lockdown, Dominic Frisby’s barber doubled his prices. It’s all part of the post-Covid inflation process – and we’re going …
8 Jul 2020
Share tips of the week
Share tips

Share tips of the week

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
10 Jul 2020