20 Oct 2010

Fiji oil exporter to could begin drilling for gas 2011

11:35 am on 20 October 2010

A Fiji oil explorer, Akura Ltd, says it could begin drilling for gas in Fiji as early as next year, subject to the necessary approvals.

Its managing director, Bill Brook, has told a meeting of the Pacific Islands Applied Geoscience Commission in Nadi that Akura has identified 17 sites that warrant further review work with one prospect ready for drill testing.

That site, twenty kilometres east of Suva, indicates the presence of gas in a structure that may contain more 12.5 billion cubic feet of natural gas or enough to replace up to 50 percent of the imported diesel now used for on Viti Levu for a decade.