Falkland Oil and Gas Limited (FOGL) announced Monday that the Humpback exploration well, offshore the Falkland Islands, was spud on June 13, 2015.
Located in license PL012, which FOGL holds a 52.5 percent working interest in, the well will test multiple stacked reservoirs within the Cretaceous Diomedea fan complex. Expected to reach a total depth of 17,552 feet, the Humpback well will take approximately 65 days to drill, according to FOGL.
FOGL CEO Tim Bushell commented in a company statement:
"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."
The Humpback prospect 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. FOGL’s latest news follows an announcement by Tim Bushell on June 5 that the Humpback well would be spud within two weeks.
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