Ferrari technical director James Allison says he is "reasonably happy" with where the team is after two days of pre-season testing.

Kimi Raikkonen was quickest on the opening day of the first day at Jerez and followed that up with the second quickest time on Wednesday while completing 47 laps. Asked how happy he was with the progress made by Ferrari in terms of understanding its car and ironing out problems, Allison admitted it had been an encouraging start.

"I'm reasonably happy by what we've seen so far," Allison said. "I don't think there are any killers that we've uncovered. Of course the faults list is not a short one - it never is with a new car - but we are able to keep getting out of the garage and going round the laps and our relative lack of laps compared with the V8 era is not about the fundamental reliability of the package it's about us making sure we don't make mistakes with what we're programming in to it."

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Allison also had praise for the work done by the engine division at Ferrari in supplying the design team with a well-packaged power unit in order to allow greater flexibility with the F14-T's aerodynamics.

"The overall philosophy of the car is, on the power unit side, that everybody has got the same amount of fuel; whoever can make the engine most efficient will have the most power, so the engine guys have been working long and hard for that. At the same time they've been aggressive and bending over backwards for us on the chassis side to make sure they produce an engine that is packageable, that allows itself to be cooled with radiators that are manageably packageable on the car. You see our car has got quite a neat cooling package and the bodywork is quite small - that's part of what the engine guys have done to provide that for us.

"The engines - if and when you guys get to see them when they're not completely covered in heat shields - you'll see that they are incredibly busy compared with the things that we've been used to looking at in the last few years. This car has been rather exquisitely packaged by the team that worked on it more than two years ago and brought it to this point. So it's very neat, very small and when you've got that much mechanical complexity to fit in then making it in a small package is very neat."

Despite only being two days in to the test, Allison also admitted he was looking at other cars in the pit lane when asked about the rear suspension on the McLaren.

"I saw some pictures of it today. I haven't seen it in the flesh and I would like to see a bit more of it because it does look interesting, but I've just seen some blurry pictures on websites at the moment."