Thursday, 13 February 2014, 6 p.m., Edinburgh
Falkland Islands Oil: What, Where, When, and How?
Phil Richards, Head of Hydrocarbons, British Geological Survey
This event occurred on: Thursday, 13 February 2014, 6 p.m.
The Falkland Islands is one of the few remaining frontier areas for new hydrocarbons exploration. Exploration is in its infancy, but already several potentially significant oil and gas fields have been discovered. The geological setting around the Islands include a classic failed rift basin in shallow waters, a typical deep water passive margin such as that off west Africa, and a fold and thrust belt system, thus providing a range of geological and exploration challenges and opportunities. The talk will review the interesting geo-political setting, the exploration challenges and successes to date, and examine how the first fields might be brought on stream in this environmentally and logistically challenging environment, and the effect this might have on a small, isolated community.
Phil is a petroleum geologist with over 30 years' experience. He has worked in the UK, North America, Venezuela, the Caribbean, West Africa, the USA and the Falkland Islands, and specialises in helping governments attract oil company inward investment for exploration and production activities. He has been principal adviser to the Falkland Islands Government since the inception of its oil exploration ventures in 1992, and has helped manage all of the activity from first base to the brink of first oil. He is head of hydrocarbons at the British Geological Survey in Edinburgh, where his duties include responsibility for UK shale gas exploration advice and management of the provision of independent advice to DECC on the prospectivity of the UKCS. He is a director of the Scottish Oil Club.