Faroe finds oil, gas in North Sea Brasse prospect

Faroe Petroleum Norge AS has encountered 39 m of gross gas, oil-bearing reservoir (18 m and 21 m, respectively) in its Brasse well (31/7-1) in license PL740 in the Norwegian North Sea. Spudded in May, the well has been drilled to a total depth of 2,780 m (OGJ Online, May 19, 2016).

The reservoir is thought to be analogous to producing Brage oil field (Faroe 14.3% interest) 13 km north of Brasse, the company said. If the Brasse drilling results prove a commercial discovery, “it could be tied-back to the Brage production facilities or alternatively to other nearby installations,” said Faroe Chief Executive Officer Graham Stewart.

The partnership has plans for a sidetrack to confirm the reservoir distribution and hydrocarbon contacts. Faroe and Point Resources AS each hold 50% interest in the Brasse prospect.

Contact Tayvis Dunnahoe at tayvisd@ogjonline.com.

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