Wellesley Petroleum has started drilling on the Goanna exploration well in the northern Norwegian North Sea. The well, 39/9-22 S, in license PL 881, is near the border with the UK and adjacent to the giant producing Statfjord and Snorre fields…
Faroe Petroleum has agreed to acquire a further 13.9935% interest in the producing Blane field in the UK North Sea from JX Nippon Exploration and Production for US$5.25 million. The field is a subsea tie-back to the Ula platform (Faroe 20%)…
Faroe Petroleum is targeting submission of a development plan for its Norwegian North Sea Brasse field in 2018, based on what could be a US$500 million, three to six well subsea tieback. The firm has just completed its latest Brasse field appraisal program…
A drill stem test (DST) on the Brasse well in the Norwegian North Sea has shown high flow rates and excellent reservoir properties, says UK-based independent Faroe Petroleum. The Brasse appraisal program will now continue with the drilling of a side-track well…
Faroe Petroleum and its partners have secured Odjfell Drilling’s Deepsea Bergen semisubmersible rig to drill the Goanna and Fogelberg wells in late 2017 and early 2018. The Goanna exploration well is expected to spud in Q4 2017 at License PL881…
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…
Odfjell Drilling signed a contract with Wellesley Petroleum for one firm exploration well, plus an optional well testing and sidetrack, on the Norwegian Continental Shelf (NCS) using Odfjell Drilling's Deepsea Bergen semisubmersible. Drilling…
Faroe Petroleum started drilling the Brasse appraisal well 31/7-2S in the Norwegian North Sea. Map of Brasse, from Faroe. The main objectives of the appraisal well are to reduce…
Norway’s Petroleum Safety Authority (PSA) has approved Faroe Petroleum to drill two exploration wells at the Brasse prospect in the North Sea, starting next month. Brasse (well 31/7-1) is some 97km west of Øygarden in Hordaland county in production license 740…
Faroe Petroleum has gained consents for the drilling of an appraisal well 31/7-2S on the Brasse discovery. Faroe, as operator has entered into a contract with Odfjell Drilling for the use of the semisubmersible drilling rig, the Deepsea Bergen…
Faroe Petroleum has been given Norwegian Petroleum Directorate approval to drill appraisal well 31/7-2 S on the Brasse discovery. Well 31/7-2 S will be drilled using the Deepsea Bergen semisubmersible drilling rig in production license 740…
Odfjell Drilling received a letter of intent for use of the Deepsea Bergen semisubmersible for one firm high-pressure, high-temperature well on the Norwegian Continental Shelf (NCS). Image of the Deepsea Bergen…
Eni has started drilling on the Boné (Dazzler) exploration well 7318/12-1 in the Norwegian Barents Sea. Boné, being drilled using the Scarabeo 8 semisubmersible drilling rig is in a similar structural setting to the Johan Castberg discovery…
Delek Group completed its deal with Dana Petroleum to gain 13.18% of Faroe Petroleum, expanding the Israeli firm’s North Sea footprint, and making it the majority holder in Faroe. Map of Faroe assets…
Independent Faroe Petroleum entered agreements with two banking facilities, which will provide substantial finance to underpin the company’s growth plans. The first, amounting to US$250 million is from the Reserve Base Lending Facility (RBL)…
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