Falklands : Daily Hydrocarbons Record: 24/04/06
Submitted by Falkland Islands News Network (Juanita Brock) 24.04.2006 (Article Archived on 08.05.2006)
Companies involved in hydrocarbons exploration in the North and South Falkland Basins are encouraged to participate.
HYDROCARBONS NEWS
(New Daily Feature)
By J. Brock (FINN)
At 1800hrs LMT on Monday, 24 April 2005 the price per barrel of Brent Crude was listed on London’s ICE Futures Exchange at $73.78. This is down $1.57 from its recorded high on Friday off $75.35 Per Barrel.
At present the trend seems to be fluctuating upwards with excuses for the rise being the on-going dispute with Iran over nuclear power, OPEC’s refusal to increase supply and rumours that oil reserves in the Middle East are past peak. Iran’s President, in a two-hour press conference today said that he did not think the UN would sanction his country because Iran only wants to use nuclear power for peaceful means.
Local Relevance: Though the data is excellent with several hundred prospects awaiting 3D seismic in the North and South Falkland Basins, there are no semi-submersible exploration rigs available to do exploration drilling at the moment. The unavailability is due to other exploration priorities as well as the cost of the rigs in an extremely tight market. There is no indication of where the Falklands are in the queue for a rig.
Comments from companies involved in the North and South Falkland Basins are welcome. Please use the contact section on SARTMA to get in touch.
|
