Rich strike prolongs promise of Falklands

The find has proved a huge boost to the project
The find has proved a huge boost to the project
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Three London-listed oil explorers said that they had discovered a richer than expected reservoir of the black stuff off the coast of the Falklands in a huge early success for their nine-month drilling campaign around the islands in the South Atlantic.

Premier Oil, Falkland Oil and Gas and Rockhopper said that drilling at the Zebedee and Hector wells to the north of the Falklands had led to the discovery of an 81ft pocket containing oil and gas in a reservoir 55ft wide.

The discovery marked a huge boost to the project only a month after it began, with drilling set to move southwards in the hope of further discoveries.

Andrew Lodge, Premier Oil’s exploration director, said that the project’s next well, Isobel Deep, had the