Faroe Petroleum Hits Oil in Norwegian North Sea
Independent oil and gas company Faroe Petroleum has hit oil in a ‘sand rich reservoir of very good quality’ in the Norwegian North Sea, according to a company statement.
The Brasse appraisal well, operated by Faroe, was drilled to a total depth of 8,038 feet, targeting a seismic anomaly approximately 1.2 miles to the southeast of the main discovery well (31/7-1).
The appraisal well successfully penetrated the oil-water contact on the flank of the Brasse field and encountered approximately 27 feet of gross oil-bearing Jurassic reservoir above the oil water contact, Faroe revealed in a company release.
Preliminary analysis was said to confirm the same oil-water contact as in the 31/7-1 discovery well and side-track and indicated good pressure communication within the reservoir.
“We are very pleased to announce the results of this important appraisal well which firms up the southern extent of the Faroe-operated Brasse field. This well proves the presence of excellent hydrocarbon bearing reservoir to the south of the original discovery,” Graham Stewart, chief executive of Faroe Petroleum, said in a company statement.
“Importantly, preliminary analysis of the well results confirms Brasse as a commercial discovery,” he added.
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