Falkland Oil and Gas (FOG) announced today it had started drilling on the Scotia exploration well in the Falklands.
Scotia, operated and 75% owned by FOG, is about 195 miles from Stanley, the islands’ capital.
The remaining 25% stake is currently held by Edison International.
Noble Energy is due to take 35% as part of a farm-in, reducing FOG’s interest to 40%.
Scotia is the second of FOG’s two-well exploration programme using the Leiv Eriksson semi submersible drilling rig.
The first well, on the Loligo prospect, found gas.
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