Falkland Islands

Borders & Southern Petroleum PLC signed a letter of intent with Ocean Rig UDW Inc. to provide a mobile rig to drill at least two wells in the South Falkland basin.

By OGJ editors
HOUSTON, Nov. 11
-- Borders & Southern Petroleum PLC signed a letter of intent with Ocean Rig UDW Inc. to provide a mobile rig to drill at least two wells in the South Falkland basin.

The Eirik Raude dynamically positioned, harsh environment semisubmersible would be used to drill firm wells on the Darwin and Stebbing prospects and as many as three option wells. The rig would be moved from West Africa.

The company holds five licenses 150 km southeast of the Falkland Islands.

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