Norway’s Petroleum Safety Authority (PSA) has granted Faroe Petroleum Norge consent to takeover operatorship from DONG E&P Norge of the Oselvar and Trym fields in the North Sea. Earlier this week, Faroe completed the acquisition deal…
Faroe Petroleum and DONG E&P Norge have completed the acquisition deal consisting of five Norwegian North Sea oil and gas fields, with Faroe only paying a fraction of the original US$70.2 million price tag. Image of Trym subsea gas compression…
Statoil has made an oil and gas discovery at the Njord North Flank in the Norwegian Sea that could potentially hold up to 28.3 MMboe, according to partner Faroe Petroleum. The Songa Delta, from Songa Offshore…
Statoil has started drilling on the Njord North Flank-2 (NF-2) exploration well 6407/7-9 S in the Norwegian Sea, according to partner Faroe Petroleum. The NF-2 prospect is in production license 107C, immediately north of the Njord field…
The Norwegian Petroleum Directorate has granted Statoil Petroleum drilling permit for well 6407/7-9 S using the Songa Delta semisubmersible drilling rig. The well, also called Njord NF2, is in production licence PL 107 C, operated by…
Faroe Petroleum has successfully side-tracked its appraisal well on the Brasse discovery in licence PL740 in the Norwegian North Sea. The side-track well (31/7-1A) was appraising the south-eastern part of the Brasse discovery. Results based on extensive coring…
UK-based independent Faroe Petroleum was awarded license option 16/23 in Ireland’s 2015 Atlantic Margin Licensing Round. The option covers 960sq km in the Slyne/Erris Basin, in about 280m water depth about 15km from the producing Corrib gas field…
The Norwegian Petroleum Directorate has granted Faroe Petroleum a drilling permit for a side track appraisal well on the Brasse discovery in the Norwegian North Sea. Well 31/7-1 A side track will be drilled using the Transocean Arctic drilling facility in production license 740…
Faroe Petroleum hit an oil discovery at its Brasse exploration well in the Norwegian North Sea, with plans for a sidetrack to follow. The Transocean Arctic, from Transocean. The company encountered oil at the Brasse well 31/7-1…
Faroe Petroleum has started drilling on the Brasse exploration well in the Norwegian North Sea. The well, 31/7-1, is immediately south of the producing Brage oil field (Faroe 14.3%) and, if successful, could be tied-back to the Brage facilities or alternatively to other nearby installations…
Wintershall's Kvalross exploration well in the Norwegian sector of the Barents Sea (Faroe 40%) is being abandoned after it was found to be non-commercial. The well, 7224/2-1, was spudded on 11 January, and reached a total vertical depth of 2917m in the Lower Triassic Havert formation…
Eidesvik Offshore entered into a new contract extension with Technip for the Viking Neptune subsea support vessel that is scheduled to begin in early April. The supply ship Viking Prince has also been awarded a contract with Faroe Petroleum for a well starting in mid May 2016…
Faroe Petroleum’s exploration drilling program for the year will see the UK-based explorer begin drilling at its operated Brasse prospect in the North Sea this summer using the Transocean Arctic rig. Map of Oseberg…
Petrofac, Faroe Petroleum and Eni Hewett have established a cost saving partnership to drive efficiencies and commercial synergies across their UK operations in the UK southern North Sea. The tripartite agreement sees collaboration between…
VNG Norge’s Blink well in the Norwegian Sea has failed to find hydrocarbons, according to partner Faroe Petroleum. Image from VNG Norge. The well, 6406/12-5S, was drilled 27km…
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