Offshore Minerals Environmental Legislation Consultation (Sep 2017)

The Department of Mineral Resources is carrying out a public consultation on a range of proposed legislative measures applying to the offshore oil and gas industry. The proposed legislation aims to bolster existing environmental regulation provisions in the Offshore Minerals Ordinance and focuses on:
- Environmental management, audit, and reporting requirements
- Oil Pollution Emergency Plan (OPEP) requirements
- Inspection, enforcement, and intervention powers
- Environmental damage liability provisions
A copy of the consultation paper and response form can be downloaded from:

https://figdmr.exavault.com/share/view/j8py-6hsetcpb

or can be obtained in electronic or hard copy from the Department of Mineral Resources, contact details below.
Responses to the consultation must be submitted to the Department by Friday 20th October 2017.
A public presentation on the proposals will be held at the Chamber of Commerce, Stanley on Thursday 21st September at 5pm.
For further information on the proposed legislation or a copy of the consultation documentation, please contact:
Roddy Cordeiro
Department of Mineral Resources

Telephone +(500) 27322

info@mineralresources.gov.fk

New Production Licence Extension Guidance (June 2016)

The Falkland Islands Government has released a new guidance note covering changes to licensing policy for offshore Production Licences. Taking into account the current worldwide difficulties that are being faced by the oil industry, Executive Council recently considered and approved a package of measures to support current Production Licence holders who hold interests in the Falkland Islands.

Over the last six years, the oil and gas industry has invested almost two billion dollars in offshore exploration and data acquisition around the Falkland Islands, discovering several potentially commercial hydrocarbon resources with potentially in excess of 1 billion barrels of recoverable crude oil and gas condensate. The sustained activity throughout this period has delivered significant benefits to the Falkland Islands economy, and private sector businesses have also made significant investments to allow them to participate in the supply chain.

The new measures address the short-term impact of the current oil price environment and put in place a framework that will allow licensees to progress both development of discovered resources, and new exploration work, and to achieve the first successful commercial oil production in the Falkland Islands.

Please visit our Downloads page and scroll to the Guidance Notes section for the new version.

Isobel (Elaine) Discovery (January 2016)

A re-drill of the Isobel target, Isobel (Elaine), 30km south of the Sea Lion field, has confirmed an oil discovery. The well, drilled by Premier Oil, reached total depth at 3014m and encountered oil bearing intervals in a number of sandstone reservoirs.

Robin Allan, Premier exploration director, said, “The results of this well confirm the success of the Isobel Deep 14/20-1 well announced in May last year. We have encountered a substantial oil bearing interval, which confirms the potential of this part of the North Falkland basin as a standalone discovery.”

The Eirik Raude rig will move to the Chatham location once Isobel (Elaine) has been plugged and abandoned. It will subsequently be handed over to Noble Energy who will drill the Rhea prospect, also in the North Falkland Basin.

Ocean Rig Contract Termination (February 2016)

The Falkland Islands Government notes today’s (12th Feb) press release by Premier Oil stating that the contract it holds with Ocean Rig UDW for drilling operations has been terminated due to operational issues.

Despite the early conclusion to drilling operations, the exploration campaign over the last eleven months has resulted in the operators declaring an oil discovery at the Zebedee prospect in April 2015, closely followed by a second oil discovery at the Isobel Deep prospect in May 2015. Subsequently, the re-drill well 14/20-2 on the Isobel prospect confirmed the Isobel area as a potentially significant discovery that could form a later phase of development in the North Falkland Basin.

Director of Mineral Resources, Stephen Luxton, commented:

“While the last year has not been without some operational challenges, the ultimate goal of the exploratory drilling programme is to prove additional and potentially commercial oil resources, and in this respect it has undoubtedly been a success. The drilling results achieved since March 2015 validate our long standing confidence in the prospectivity of the Falkland Islands offshore area.”

Following completion of all permanent well abandonment and seabed clearance operations, it is anticipated that a campaign demobilisation programme will commence, lasting for several weeks.

For any information regarding this press release, please contact the PR & Media Office on +500 27400 or email prmanager@sec.gov.fk


ENDS

 

Notes to editors:

Press releases issued to the London Stock Exchange relating to this news piece can be found here:

Premier Oil press release

Rockhopper Exploration press release

Isobel Deep Discovery (May 2015)

The Falkland Islands Government welcomes the announcement by Premier Oil and partners that the 14/20-1 ‘Isobel Deep’ exploration well has been declared an oil discovery. Isobel Deep is the second well of a six-well campaign planned to take place in Falkland Islands waters through 2015.

Stephen Luxton, Director of Mineral Resources, commented:

“Further work is required to give a complete understanding of the Isobel Deep results, but early signs are very positive, and prove a working hydrocarbons system exists in this part of the basin. Both the prospect and the wider area will require further appraisal, but this result potentially opens up a new development area some 30 kilometres to the south of the Sea Lion field.”

Following completion of near-term operations at the Isobel Deep well, the Eirik Raude drilling rig will commence work for Noble Energy on the Humpback-1 exploration well to the south-east of the Falkland Islands.

Photo of the Week

Latest News

  • 1
  • 2
  • 3