Consortia exit Faroese licenses

Offshore staff

TORSHAVN, Faroe Islands – Statoil and its partners have relinquished three exploration licenses offshore the Faroes.

In L006, where the other licensees are DONG Energy, ExxonMobil and Atlantic Petroleum, two exploration wells have been drilled. Well 6104/21-1, Brugdan, was drilled in 2006 and well 6104/21-2, Brugdan II, was drilled and completed in 2014 as a dry hole.

The same partners in license L016 performed geological studies but drilled no wells. This also applies in L011, where Statoil’s partners were ExxonMobil and OMV.

Faroese hydrocarbons division Jarðfeingi says it still sees potential in the acreage and will promote it to other potential licensees.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...