Rockhopper in Falklands boost
British explorer Rockhopper said it made a second oil discovery in the Falkland Islands and the same well found more oil at a known field, raising the likelihood of the remote territory being transformed into a new oil producing region. The well made a new discovery at the Casper prospect, indicating a separate reservoir exists alongside the Sea Lion field, and was also drilled into the Sea Lion field and found that it was bigger than previously thought, chief executive Sam Moody said in a statement. “This, combined with the Casper discovery will, we believe, have a very positive impact for our low case volumes in place on our acreage,” he added. Rockhopper had said in August that there could be 608m barrels of oil in place at Sea Lion in a low case estimate.