Faroe Petroleum Spuds First Norwegian Well
by Faroe Petroleum
Thursday, May 24, 2012
Northern Europe-focused Faroe Petroleum announced Thursday that drilling has commenced on the Clapton prospect in the Norwegian North Sea (Faroe 40 percent interest and operator).
Well 2/8-18 S is Faroe Petroleum's first operated well in Norway and will target the Clapton Prospect located in PL440 S in block 2/8, approximately three miles (5 kilometers) east of the Eldfisk East Field and just over six miles (10 kilometers) north of the Valhall Field.
Clapton is a chalk prospect on the flanks of the salt induced Mode Dome and the well will target the Ekofisk, Tor and Hod formations, which are the main producing reservoirs in the neighbouring fields.
The well will be drilled using the Maersk Guardian (350' ILC)
jack-up rig and the partnership consists of Dana Petroleum Norway AS (20%), Lundin Norway AS (18%), Norwegian Energy Company ASA (12%) and Det Norske Oljeselskap ASA (10%).
Graham Stewart, Chief Executive of Faroe Petroleum, commented:
"We are pleased to announce the spudding of Faroe Petroleum's first operated well in Norway. The well is targeting the Clapton prospect, which is in close proximity to a number of giant oil fields in this prolific area of the Norwegian North Sea.
"This is an exiting period for Faroe Petroleum with three high impact exploration wells drilling at the same time. We look forward to the results of the Cooper well in the Norwegian North Sea (Faroe 30%), the North Uist exploration well west of Shetland (Faroe 6.3%) together with our own operated Clapton well."
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