Faroe Petroleum’s Norwegian arm is to drill an appraisal well south of the Brage Field in the North Sea.
The Norwegian Petroleum Directorate has given the firm permission to drill from the Deepsea Bergen drilling facility, at position 60°24’18.17″N and 3°2’23.75″E in production licence 740.
Faroe Petroleum Norge AS is the operator with an ownership interest of 50 per cent, and Core Energy AS is a licensee with 50 per cent.
The area in this licence constitutes a part of blocks 31/7 and 30/9. Production licence 740 was awarded in 2013.
This is the third well to be drilled in the licence.
The permit is contingent upon the operator securing all other permits and consents required by other authorities prior to commencing drilling activities.
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