12th May 2015 10:39
LONDON (Alliance News) - Falkland Oil and Gas Ltd Tuesday said drilling operations have re-started at the Isobel Deep well after technical issues with the blow-out preventer were resolved, and it expects to complete the well in about 15 days.
While it was dealing with the issues, the rig was used to to drill top-hole sections and set conductors on the Chatham and Jayne East locations. On Jayne East, the 36" conductor was set at a depth of 541 metres and the well temporarily suspended, while drilling on Jayne East will restart when the rig returns after the Humpback well in the South Falklands Basin, the oil explorer said.
Falkland Oil and Gas is fully carried through the costs of the Isobel Deep and Jayne East wells by Premier Oil PLC and Rockhopper Exploration PLC and therefore was not impacted by these operational issues.
Falkland Oil & Gas shares were up 1.4% at 26.88 pence Tuesday morning.
By Steve McGrath; [email protected]; @stevemcgrath1
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