The board of Rockhopper Exploration PLC considers the company's Sea Lion oil discovery in the North Falklands basin in the South Atlantic to be commercial.
The third appraisal well, 14/10-6, has confirmed the main fan complex full to spill point, and formation pressure tests indicate the well to be in reservoir communication with the 14/10-2 discovery well and the 14/10-4 and 14/10-5 appraisal wells.
The 14/10-6 appraisal well on the PL032 license went to 2,706 m some 4.1 km west of the discovery well. Wireline log analysis indicated 119 ft of net oil pay in the Sea Lion main fan in a 138-ft gross interval.
Reservoir quality is good with porosity averaging 21.6% and topping out at 28.8%. ...