Production resumes at North Sea Enoch field

Offshore staff

LONDON Production from the Enoch field in the UK North Sea has recommenced after an extended shut-in period for repair and maintenance, according to partner Faroe Petroleum

Faroe recently increased its interest in the Enoch field from 1.86% to 13.86% for a nominal consideration. The Talisman Sinopec Energy UK-operated Enoch field has been developed as a single well subsea tieback to the Marathon-operated Brae field.

In addition, Faroe has entered into a contract with Transocean Offshore on behalf of the PL 740 joint venture for the lease of the semisubmersible drilling rig Transocean Arctic. The rig will drill the Brasse exploration well in the Norwegian North Sea.

Brasse will test a structure immediately to the south of the producing Brage field and if successful, could be tied back to Brage (Faroe 14.3%) or alternatively to other nearby installations.

The co-venturer in the PL740 license is Core Energy AS (50%).

CEO Graham Stewart said: “Despite the challenging industry backdrop, Faroe is robust with a strong cash position and balance sheet, and continues to perform very well, with production in line with our increased guidance.  We look forward to an exciting three well exploration drilling program for 2016 in Norway, which is firming up on cost-efficient terms, and continue to evaluate the potential to take advantage of further good quality growth opportunities.”


Share your news with Offshore at

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


Making DDoS Mitigation Part of Your Incident Response Plan: Critical Steps and Best Practices

Like a new virulent strain of flu, the impact of a distributed denial of service (DDoS) attack is...

The Multi-Tax Challenge of Managing Excise Tax and Sales Tax

To be able to accurately calculate multiple tax types, companies must be prepared to continually ...

Operational Analytics in the Power Industry

Cloud computing, smart grids, and other technologies are changing transmission and distribution. ...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...