Desire tests new targets off the Falklands

Diamond Offshore’s Ocean Guardian has spud the Dawn/Jacinta 25/5-1 exploration well for Desire Petroleum in the North Falkland basin.

Offshore staff

PORT STANLEY, Falkland Islands --
Diamond Offshore’s Ocean Guardian has spud the Dawn/Jacinta 25/5-1 exploration well for Desire Petroleum in the North Falkland basin.

The located is in offshore Tranche I, where Desire has a 100% interest.

The well targets structures at two levels. Jacinta is a Lower Cretaceous stratigraphic sand pinch out trap with a TD of around 1,000 m (3,281 ft). Dawn, which is deeper-lying, is a three-way dip, fault bounded closure with a target depth of around 1,350 m (4,429 ft).

Desire says the well, which has an overall TD target of around 1,670 m (5,479 ft), should take 30 days to complete.

In the same region, the Polarcus Nadiahas started work on a new 3D seismic acquisition program under a joint survey with Rockhopper. Operations should be completed by end-April.

Desire’s part of the program will lead to full 3D seismic coverage over the prospective East Flank Play Fairway on the company’s acreage. Only around 40% of this play is currently covered by 3D data within its operated licences.

The new 3D seismic will help identify and map the target sands in this play. The priority area is in the north east of Tranche D. Desire adds that the existing 3D survey will be reprocessed and merged with the new data to provide consistent, high quality 3D data over the entire play fairway on its acreage.

12/22/2010

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