Desire Petroleum has said that the key drilling prospect off the Falkland Islands contained mostly water, not oil. Last week, the company said that it was optimistic that the well contained hydrocarbons, but further tests of the Rachel North well in the North Falkland basin contained mostly water.
Upon first inspection, Desire Petroleum believed it had made the only second ever oil discovery of the North Falkland basin. The first was made by Rockhopper at its Sea Lion prospect in May.
Desire Petroleum released a statement last week saying, "Preliminary data collected indicate that this well is an oil discovery.” But on Monday 6th December, the company said that “sampling of the main sand has shown that the hydrocarbons are residual and that the mobile fluid is water,” further adding that the well will "be plugged and abandoned".
Source: BBC News
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