Faroe Petroleum has announced positive results from its Brasse appraisal well in the Norwegian North Sea, confirming Brasse as a commercial discovery.
The firm says it now plans to perform a drill stem test (DST) and potentially side track the well. A decision to drill a further appraisal well will be made depending on the DST results.
The Brasse appraisal well (31/7-2S) was drilled to a total depth of 2450m total depth, 2km southeast of the main discovery well (31/7-1) and 8.5m of oil-bearing Jurassic, "very good quality sand-rich reservoir" above the oil water contact.
Faroe says preliminary analysis confirms the same oil-water contact as in the 31/7-1 discovery well and sidetrack, and indicates good pressure communication within the reservoir.
The DST will confirm well productivity and provide additional information for development project planning. Advanced pressure gauges, which communicate with surface after the well has been plugged and abandoned, will be installed in the 31/7-2S appraisal well to provide long term pressure monitoring of the reservoir.
Meanwhile, evaluation work on the recently awarded prospective Brasse Extension area (Faroe 50% and operator) also continues, ahead of a potential decision to drill in 2018.
Brasse is within tie-back distance to existing infrastructure: 13km to the south of the Brage field platform, in which Faroe holds 14.3% interest, and 13km south east of the Oseberg Field Centre.
Faroe's CEO Graham Stewart says: “Brasse is a significant project for Faroe and the region and it also highlights Faroe’s ability to continue to add significant value through low-cost drilling in our core areas.
“While continuing with an exciting ongoing exploration program in Norway, Faroe is also actively investing in pre-development and development of several of our own discoveries, each of which has the potential to transform the value of the company in the coming years.”