Statoil Spuds Bister Well in Norwegian Sea

Statoil has spud the Bister exploration well in the Norwegian Sea, its partner Faroe Petroleum reported Tuesday.

The well (designated 6407/8-7) is located on license PL348/C, which also contains the producing Hyme field and the 2013 Snilehorn discovery. It is targeting oil and gas in the Jurassic, Ile, Tilje and Åre formations.

Faroe – which holds a 7.5-percent stake in the license – said that there is a seismic anomaly on the Bister prospect of a similar character to the anomalies on both the Snilehorn discovery and the Hyme field. There is also evidence of a pressure barrier between Snilehorn and Hume, which contributes to the de-risking of the Bister prospect, the firm said.

Faroe Chief Executive Graham Stewart commented in a company statement:

"I am very pleased to announce the spudding of the Bister exploration well to follow up on the significant Snilehorn discovery announced in 2013, located in the same license and close to the producing Njord Field infrastructure. This is the second well in our 2015 exploration program, following the successful completion of the Shango discovery earlier this month. 

"During the coming months we also expect to start drilling the first of two follow-up wells at the significant Pil discovery (Faroe 25 percent) on the Blink and Boomerang prospects."



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