AGR to undertake major Falklands drilling programme
AGR Petroleum Services will begin a significant drilling campaign, valued at more than £2 million, off the Falklands Islands this month on behalf of two Operators.
The company, which is one of the largest independent well management firms in the world, has been contracted by Desire Petroleum and Rockhopper Exploration Plc to provide logistical support and undertake a six well drilling programme in the North Falklands Basin. Desire Petroleum has four prospects while Rockhopper will have two exploration wells drilled.
AGR is also in discussions with a possible third operator regarding additional drilling in the region.
Executive Vice President Ian Burdis of AGR said: “This is a major project for us. To be contracted by two companies to undertake work in this frontier region is great recognition of our teams’ expertise in these challenging environments.
“There’s been a huge amount of logistical preparation required ahead of this activity. We’re now ready to begin drilling and will be working closely with our clients to achieve a successful outcome.”
AGR has established a supply base in Port Stanley the Falkland Islands which required an initial loadout of approx. 9,000 tonnes of cargo to be shipped from Aberdeen Harbour – the largest consignment of its kind to be transported from the city to the region.
The drilling campaign is expected to begin around the middle of February, weather dependent, and last for approximately five months.
Bob Lyons, Managing Director of Desire said: “This project is central to our exploration and production activity and we are pleased to have AGR on board to provide support throughout the programme. Their teams are well respected in the industry and provide the ideal fit with our operations.”
The third generation semi submersible drilling rig Ocean Guardian has been contracted from Diamond Offshore Drilling by Desire and will be used during the drilling of all six wells. It set sail from Invergordon, in the north east of Scotland late November and is due to arrive in the Falkland Islands around the middle of February.
Sam Moody, Managing Director, of Rockhopper added: “We have found AGR's preparations for this drilling campaign to be highly professional and enjoy a very constructive working relationship with the team there. We look forward to the start of the programme.”
Author: Torund D. Bryhn
AGR Petroleum Services
AGR Petroleum Services, part of the Oslo Stock Exchange-listed AGR Group, is one of the world’s largest independent providers of well management and subsurface services. AGR Group has been in existence for more than 20 years and the AGR Petroleum Services division since its formation in 2005 has experienced dynamic growth with offices in four continents.
Desire Petroleum plc (Desire) is a UK company listed on the Alternative Investment Market (AIM), dedicated to exploring for oil and gas in the North Falkland Basin.
Desire was founded in 1996 and participated in the first round of drilling in the North Falkland Basin in 1998. Desire now operates 6 licences in the area, Tranches C, D, F, I, L and the recently awarded PL034.
Rockhopper Exploration ("Rockhopper") (AIM: RKH) is an AIM listed oil and gas exploration company based in the United Kingdom. Rockhopper has licences to explore for oil and gas in the North Falkland Basin, a basin with two proven petroleum systems and a proven high quality oil source rock