Borders Reports Upgrade to Darwin Discovery

Falkland Islands explorer Borders & Southern reported Tuesday an upgrade to resources at its Darwin gas condensate discovery.

Borders said that a phase 2 reservoir engineering study estimates wet gas in place of 2.6 trillion cubic feet and recoverable condensate at 263 million barrels, compared to the original estimate that 200 million barrels of liquids could be recovered from the discovery.

The upgrade was made possible by Borders using a more detailed geological and petrophysical description of the reservoir after 3D seismic data was reprocessed.

The firm said that its technical work will now shift towards a detailed assessment of the merged 3D data volume. It added that improved seismic resolution and analysis of the seismic attributes will add to its understanding of the geology and prospect definition.

"There is a lot of work ahead but we are optimistic that it will result in an inventory of impressive low-risk, amplitude-supported prospects," Borders said in a statement.



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