Faroe Petroleum, Wintershall Receive Consent to Drill North Sea Wells

Petroleum Safety Authority Norway has granted Faroe Petroleum and Wintershall consent to drill two separate North Sea wells.

The operator of production license 740, Faroe Petroleum Norge AS, will drill an exploration well in block 37/1, which will be the first to be drilled in the license. Drilling will commence in a prospect named Brasse in the second half of May, with an estimated duration of up to 57 days. Water depth at the site is 616 feet and operations will be performed using the Transocean Arctic (midwater semisub).

Wintershall Norge AS, the operator of production license 248, will drill the Orion prospect in block 35/11. Water depth at the site is 1,243 feet and drilling is scheduled to start in mid-May at the earliest, according to PSA Norway. The estimated duration of operations is between 47 and 134 days, depending on whether a discovery is made which in turn will entail drilling sidetrack wells. The initial well will be drilled by the Borgland Dolphin (midwater semisub).

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