The Norwegian Petroleum Directorate has granted Faroe Petroleum Norge AS a permit for well 31/7-1 on its jointly owned Brasse prospect in PL740. The area in this licence is part of Blocks 31/7 and 30/9. PL740 was awarded in APA 2013. This is the first well to be drilled in the licence.
According to Faroe’s web site, the prospect holds stacked reservoir potential in Upper and Middle Jurassic. Well 31/07-01 will be drilled from the Transocean Arctic drilling facility and is expected to spud sometime in midyear. Faroe is 50% partner with Core Energy AS in PL740.
Contact Tayvis Dunnahoe at email@example.com.