Desire presses on with drilling in Falkland Isles

first_img Desire presses on with drilling in Falkland Isles KCS-content Share Show Comments ▼ FALKLAND Islands oil explorer Desire Petroleum has started drilling a new well after suffering disappointment with its last attempt to strike oil in the South Atlantic.Desire has begun drilling its Dawn/Jacinta 25/5-1 well in the North Falkland Basin.The group said it expected to take about a month to drill the well and would make more announcements when appropriate.The group’s shares soared and then tumbled earlier this month after it said it thought it had struck oil at its Rachel North well, only to have to announce later that the well contained mainly water.Desire said it had learned lessons from the failed well and would press ahead with more exploration.The group started the new well in its wholly-owned Tranche I in the North Falkland basin on Saturday.Once finished, Desire will hand over the Ocean Guardian rig to another explorer, Rockhopper, which will use it before returning it to Desire to drill a well at a location still to be decided. Controversy has dogged drilling by Desire and other UK oil firms amid opposition to their operations from the Argentinian government. Tags: NULL,Monday 20 December 2010 7:16 pm Desire presses on with drilling in Falkland Isles Monday 20 December 2010 7:16 pm whatsapp Share More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com Tags: NULL whatsapp FALKLAND Islands oil explorer Desire Petroleum has started drilling a new well after suffering disappointment with its last attempt to strike oil in the South Atlantic.Desire has begun drilling its Dawn/Jacinta 25/5-1 well in the North Falkland Basin.The group said it expected to take about a month to drill the well and would make more announcements when appropriate.The group’s shares soared and then tumbled earlier this month after it said it thought it had struck oil at its Rachel North well, only to have to announce later that the well contained mainly water.Desire said it had learned lessons from the failed well and would press ahead with more exploration.The group started the new well in its wholly-owned Tranche I in the North Falkland basin on Saturday.Once finished, Desire will hand over the Ocean Guardian rig to another explorer, Rockhopper, which will use it before returning it to Desire to drill a well at a location still to be decided. Controversy has dogged drilling by Desire and other UK oil firms amid opposition to their operations from the Argentinian government. whatsapp KCS-content whatsapplast_img

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