Faroe Petroleum hit an oil discovery at its Brasse exploration well in the Norwegian North Sea, with plans for a sidetrack to follow.
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The Transocean Arctic, from Transocean. |
The company encountered oil at the Brasse well 31/7-1, located in license PL740, about 13km south of the producing Brage oil field.
The Transocean Arctic drilling rig reached a total depth of 2780m where 18m of gas, and approximately 21m oil in a Jurassic reservoir, which is believed to be analogous to the effective reservoir at the Brage field, the company said.
“Preliminary results based on extensive coring, wireline logs and pressure data show that the well has encountered oil and gas in reservoir sandstones of good quality. The presence of oil and gas has been confirmed subsequently by fluid sampling,” Faroe confirmed.
Due to the good results, Faroe and its 50:50 partner Point Resources, have decided to drill a sidetrack to further confirm both the reservoir distribution and hydrocarbon contacts.
“We are very pleased to announce the oil and gas discovery at the Brasse prospect and await the results of the sidetrack. This discovery in one of our core areas, builds on Faroe’s already significant position in the Norwegian North Sea via a low cost exploration well,” Graham Stewart, Faroe chief executive said. “If the Brasse drilling results prove a commercial discovery, it could be tied-back to the Brage production facilities or alternatively to other nearby installations.”
Drilling operations at Brasse began in late May, with the intention of targeting Jurassic aged sandstones in a four-way dip-closed structure.
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