Faroe Islands: Lagavulin petroleum system lacks reservoir

By OGJ editors
HOUSTON, June 22
– A Chevron Corp. unit and Faroe Petroleum will abandon the frontier Lagavulin exploratory well after it found hydrocarbons and an active petroleum system but no workable reservoir.

The Atlantic margin Well 217/15-1z went to an undisclosed depth in 1,567 m of water. It was projected to 16,800 ft about 140 miles northeast of the Rosebank/Lochnagar area.

The Stena Carron drillship handled the drilling. Progress was slower than expected, Faroe Petroleum said, mainly because of poor weather and difficult formations. Cost overruns due to the difficult drilling will not hamper the future drilling program of 17 firm and expected wells through 2013, the company said.

Nevertheless, Lagavulin’s results will greatly advance understanding of the geology and ability to unlock the high-potential basalt play in the Atlantic margin region, Faroe Petroleum said.



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

Whitepapers

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...