The Norwegian Petroleum Directorate (NPD) today confirmed Faroe Petroleum’s latest oil find.
Its wildcat and appraisal wells encountered a gas column of about 18 metres and an oil column of about 21 metres in sandstone in the Middle Jurassic Fensfjord formation.
Preliminary estimates indicate that the size of the discovery is between 6.8 and 12.7 million standard cubic metres (Sm3) of recoverable oil equivalents. The reservoir quality was deemed good, according the NPD.
A statement read: “The primary exploration target for the wells was to prove and delineate petroleum in Middle Jurassic reservoir rocks in the Fensfjord formation. The secondary exploration target was also in Middle Jurassic reservoir rocks in the Brent group and the third exploration target was in the Lower Jurassic in the Cook formation and the Statfjord group.”
Faroe will now assess the tie-in potential of the discovery to existing infrastructure on the Brage field.
The wells were drilled by the Transocean Arctic drilling facility, which will now drill wildcat well 36/7-4 in production licence 636 in the North Sea, where ENGIE E&P Norge AS is the operator.
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