Project Profile
Value: US$1.36 billion
Location: 140 km south of the Falkland Islands
Area: 19,598 sq km
Recoverable reserves: 99 bcm of wet gas, 360 million barrels of condensate
Initial production target: 56,000 bpd
Borders & Southern has compiled an extensive prospect inventory with multi-billion barrel recoverable potential. Two prospects have been selected as the first tests: Darwin and Stebbing. These prospects are completely independent except that they require the same source rock to be present throughout the area.
Darwin is a tilted fault block. The reservoir is interpreted to be Lower Cretaceous shallow marine sandstone. The prospect has a flat spot, amplitude conformance to structure and an AVO anomaly. The company’s P50 recoverable resource estimates for the amplitude anomaly alone are 300 million barrels. P50 recoverable resource estimates for the entire structure down to the mapped spill point are 760 million barrels.
Stebbing is a thrust-cored anticline. Stacked reservoirs are interpreted to be Upper Cretaceous and Tertiary deep water marine sandstone. The prospect has AVO anomalies in the Tertiary. The company’s P50 recoverable resource estimates for the combined two reservoir intervals are 1,280 million barrels.
The Operator proposes a phased development, initially targeting 270 MMbbl of condensate, with 4 production wells and 3 gas re-injectors.
Operators:
Borders & Southern Petroleum: Operator with 100% interest
Contractors:
AGR Peak Well Management Limited: EPC contract
Ocean Rig UK: Provision of mobile drilling rig services