Statoil Says Brugdan Not Commercial

Faroe Islands
(Click to Enlarge)
Drilling by Statoil as operator of well 6104/21-1 in license 006 off the Faroe Islands has been completed. No commercially viable oil or gas volumes were proven.

The well was drilled by the Stena Don rig to a total depth of 4,201 meters in roughly 480 meters of water. Only traces of gas were found in the structure.

"We are obviously disappointed that the drilling did not reveal commercial volumes of hydrocarbons, " says Rúni M Hansen, vice president for Statoil Faeroyene.

"A positive aspect is that the well has given us useful knowledge about drilling in volcanic sub-basalt rock. That will be helpful in future exploration off the Faroes.

Originally, the plan was to drill down to 3,780 meters but Statoil applied for permission to drill deeper. Due to technical problems, the well had to be abandoned early.

The well has now been permanently plugged and abandoned. Cores from the well will be thoroughly examined to gather information for future exploration.

According to Bjarni Djurholm, trade and industry minister for the Faroes, the well is an important source of knowledge about the geology below the sub-basalt rocks on the Faroese continental shelf.

"Preparations for the third Faroese licensing round are under way," says Mr. Djurholm.

"I expect it to be announced in the autumn of 2007 as scheduled."

The partners in license 006 are Statoil with 27.15%, Dong (21.91%), Anadarko (13%), Enterprise Oil (Shell) (12.47%), Amerada Hess (11.09%), BG group (10.31%), Faroe Petroleum (4.04%) and Atlantic Petroleum (0.03%).

Related Companies
 Company: DONGmore info

 - DONG Energy Disappoints With First Results Since IPO (Aug 4)
 - Denmark Issues 16 Oil, Gas Licenses (Apr 6)
 - DONG Energy Terminates Hejre Project EPC Contract (Mar 29)
 Company: Shellmore info

 - Shell Suspends Pacific Northwest Crude-By-Rail Project (Oct 7)
 - Norway Gas Plant Workers Agree Wage Deal, Avoid Strike (Oct 7)
 - Oil Industry Teams Up to Fight Cyber-Crime (Sep 29)
 Company: Statoilmore info

 - Faroe to Increase CAPEX in 2017 (Oct 19)
 - Production Still Shut at Statfjord A Following Platform Fire (Oct 16)
 - Sture Terminal Employees Taken to Hospital After Incident (Oct 13)
 Company: Anadarko Petroleummore info
 - Timing of $2B Anadarko-Freeport Deal Makes GOM Assets a Bargain (Sep 14)
 - Anadarko Goes Deeper in GOM with $2B Deal (Sep 12)
 - Oil, Gas Companies Evacuate GOM Staff Ahead of Tropical Depression (Aug 30)
 Company: Hess Corporationmore info

 - Oil, Gas Companies Evacuate GOM Staff Ahead of Tropical Depression (Aug 30)
 - Malaysia's Perisai Gets 6 Months Charter Extension for FPSO Perisai Kamelia (Aug 22)
 - Exxon, Chevron, Hess Said to Be in Joint Bid for Mexican Oil (Aug 19)
 Company: Faroe Petroleummore info
 - Faroe to Increase CAPEX in 2017 (Oct 19)
 - Faroe Petroleum: Oil, Gas Discovery Made in Norwegian Sea (Oct 18)
 - Statoil Spuds NF-2 Well in Norwegian Sea (Aug 16)
 Company: Atlantic Petroleummore info
 - Atalantic Petroleum Production Drops (Jan 6)
 - Atlantic Petroleum Continues to Increase Production (Sep 2)
 - Atlantic Petroleum more than Doubles Production in July 2015 (Aug 4)
For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Field Maintenance Controls Technician
Expertise: Maintenance Technician|Rig Mechanic
Location: Eighty Four, PA
Maintenance Supervisor - Drilling
Expertise: Maintenance Manager|Rig Mechanic
Location: Eighty Four, PA
Whipstock Welder
Expertise: Rig Welder|Welding|Workshop
Location: Lafayette, LA
search for more jobs

Brent Crude Oil : $51.78/BBL 0.77%
Light Crude Oil : $50.85/BBL 0.83%
Natural Gas : $2.99/MMBtu 4.77%
Updated in last 24 hours