Darwin Discovery, Falkland Islands
Investor Presentation
January 2023 | 1 |
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Darwin's Appraisal & Phased Development
Sea Lion
Scotia
PL 018, 019, 020: 40 Blocks (c.10,000 sq. km)
2,517 sq.km. 3D seismic
Darwin
Darwin discovery and near-field prospects
Stanley
Loligo
• Borders & Southern is a successful explorer - it has a 100% interest in a |
large gas condensate discovery in the Falkland Islands |
Humpback
Darwin Toroa
Stebbing
• | The discovery has excellent sub-surface definition |
• | The Company has designed, and had validated, a new phased |
development concept that requires relatively low capex and offers | |
accelerated payback |
January 2023 | 3 |
Darwin - A Large, Liquids-rich, Gas Condensate Discovery
Estimated Wet Gas Initially In-place (Bscf)*
Low | Best | High | |
Darwin East | 659 | 1,096 | 1,759 |
Darwin West | 1,361 | 2,110 | 3,160 |
- it has a 100% interest in a large gas
Best Estimate Gross Contingent & Prospective Resource*
Condensate | Condensate | ||||
(MMSTB) | & LPG (MMBBL) | ||||
Darwin East | 115 | 170 | |||
(Contingent (2C)) | |||||
Darwin West | 202 | 292 | |||
(Prospective) | |||||
* Independent un-risked assessment |
Darwin comprises two adjacent tilted fault blocks, Darwin East and Darwin West
An independent un-risked best estimate of wet gas initially in-place for the combined area is 3.2 TCF and for gross Contingent and Prospective Resource 462 million barrels of liquids (condensate & LPGs)
Condensate is a mixture of light hydrocarbons, | ||
Contingent Resource | Prospective Resource | similar to a very light (high API) crude oil, that |
exist in the gaseous phase at the original | ||
temperature and pressure conditions of the | ||
Darwin East | reservoir, but when produced, condense out in | |
the liquid phase at surface temperature and | ||
Darwin West | pressure conditions. | |
Discovery well 61/17-1 | ||
Darwin Condensate: 46-49o API | ||
3 Km | CGR (from samples): 123-140 stb/MMscf |
January 2023 | 4 |
Darwin - Exceptionally Imaged on 3D Seismic
A
B
"Seismic amplitude conformance to structure"
61/17-1
A
B
The exceptional imaging of the Darwin reservoir helps provide greater confidence in the resource estimates, enhances the siting of appraisal and
development wells and therefore the
efficient draining of the reservoir
January 2023 | 5 |
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Borders & Southern Petroleum plc published this content on 17 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 January 2023 09:09:01 UTC.