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Borders starts Falklands drilling
Borders and Southern yesterday said it had started drilling at its Darwin exploration well in the Falklands. It is the first in a series of exploration wells that will test potentially large reservoir targets in the deeper water off the Falkland Islands. The drill programme is being carried out further south of the area that Rockhopper Exploration and Desire Petroleum have been exploring. Borders said it had reached the point when drilling could begin on the 61/17-1 Islands well. Operations are expected to take around 45 days. The firm’s shares closed up 4.8 per cent at 71p.