Statoil Spuds NF-2 Well in Norwegian Sea

Statoil has spudded the Njord North Flank-2 (NF-2) exploration well, located in license PL107C in the Norwegian Sea.

The well will target Middle and Lower Jurassic sandstone reservoirs of the Ile and Tilje formations in a fault-bounded structural closure, with a target depth in the Lower Jurassic Åre Formation. If successful, NF-2 could add further reserves and value to the Njord Future Project.

The NF-2 well is operated by Statoil Petroleum AS (20 percent), with co-venturers ENGIE E&P Norge AS (40 percent), DEA E&P Norge AS (30 percent), Faroe Petroleum (7.5 percent) and VNG Norge AS (2.5 percent).

“I am pleased to announce the spudding of the Njord North Flank-2 exploration well located in the Greater Njord Area, and in close proximity to the Njord field. NF-2 is a near-field exploration target, which provides further upside potential to Faroe in one of our core areas,” said Graham Stewart, chief executive of Faroe Petroleum.

“If successful this will add another tie-in opportunity to the Greater Njord Area and the Njord Future Project, which also includes the high quality Snilehorn discovery,” he added.



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