Falklands : Rockhopper's Sam Moody on Familiarisation Visit
Submitted by Falkland Islands News Network (Juanita Brock) 14.12.2005 (Article Archived on 28.12.2005)
Sam Moody has been in the Falklands to see the people he works with long distance over the phone and via e-mail.
ROCKHOPPER’S SAM MOODY IN THE FALKLANDS FOR FAMILIARISATION VISIT
By J. Brock (FINN)
Mr. Sam Moody, Managing Director of Rockhopper Exploration plc, is visiting the Falklands to meet first-hand the people he will be working with during forthcoming 2D seismic surveys that will be carried out in the North Falkland Basin in Tranche “B” formerly operated by Shell, Tranches “C/D” and Licence areas 23 and 24. At the moment he is focusing on Health and Safety and the Environmental Impact Assessment that is soon to be published in the Falkland Islands.
GSI Admiral will be used to do a 2D survey of the above mentioned areas, with 3D not necessary unless there is a good prospect. 3D will not be done on the leads. Mr. Moody said there was one area –J-1- where there may be no need of 3D because prospectors are certain that the area is generating hydrocarbons.
At any rate, a 3D boat will be needed as, according to Mr. Moody, GSI Admiral is kitted out for 2D. The scenario with boats and rigs remains that they are hugely expensive due to the high demand on them as well as the high price of hydrocarbons products.
Argos/Evergreen, Rockhopper Exploration plc and Desire Petroleum are working together in the North Falkland Basin and plan to drill three holes at a cost of $50 Million.
According to Mr. Moody when Shell operated Tranche “B” they drilled through the source rock and when the drill bit and pipes were taken up there was crude on the equipment. Though the source rock in that area is 1000 metres thick,, per cubic centimetre it is the second best source rock in the world.
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