The Scotia well – designated FI 31/12-01 – is located approximately 195 miles east-northeast of Stanley, capital of the Falkland Islands.
FOGL said the well will have a total depth of approximately 16,400 feet and that it expects this depth to be reached by mid-December.
FOGL holds a 40-percent interest in Scotia, while its partners Edison International and Noble Energy hold 25 percent and 35 percent respectively. Under an agreement with U.S. oil firm Noble Energy signed in early August FOGL agreed to farm out 35 percent of its Northern Area licenses in return for an investment of up to $230 million in FOGL's exploration campaign around the Falklands.
FOGL reported Sept. 17 that its Loligo exploration well, which is located some 70 miles from Scotia, had made a gas discovery.
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