North Sea Brasse side track confirms commercial oil

Offshore staff

ABERDEEN, UKFaroe Petroleum has completed a side track appraisal well on its Brasse oil and gas discovery in license PL740 in the Norwegian North Sea.

The main aim of the 31/7-1A side track was to appraise the southeastern part of the hydrocarbon bearing structure previously identified by the main discovery well.

En route to TD of 2,530 m (8,300 ft), the side track intersected a 25-m (82-ft) gross oil column and a 6-m (19.7-ft) gross gas column. Analysis of coring, wireline logging and sampling show the well encountered oil and gas in good quality Jurassic reservoir sandstones, similar to those seen in the main well, and the hydrocarbon-bearing interval was of a similar pressure.

Faroe estimates recoverable hydrocarbons in the range of 28-54 MMbbl of oil and 89-158 bcf of gas (43-80 MMboe in total).

The initial 31/7-1 well encountered around 21 m (69 ft) of oil-bearing and 18 m (59 ft) of gas-bearing Jurassic reservoir, thought to be analogous to the effective reservoir at the producing Wintershall-operated Brage oil field (Faroe 14.3%).

The Brasse discovery is tieback distance to existing infrastructure: the location is 13 km (8 mi) south of the Brage field platform, 13 km east of Statoil’s Oseberg Sør field platform, and 13 km southeast of the Oseberg field platform.

Faroe and co-venturer Point Resources will assess options for the discovery.

Graham Stewart, CEO of Faroe Petroleum, said the results prove the hydrocarbon and reservoir distribution found in the main discovery well and delineate the lateral extent of the discovered area.

07/11/2016

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