Oil and gas discovery at the Brasse exploration well and Njord facility update

Source: Faroe Petroleum

Faroe Petroleum is pleased to announce an oil and gas discovery in the Faroe-operated Brasse exploration well.

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal, development and production opportunities in Norway and the UK, is pleased to announce an oil and gas discovery in the Faroe-operated Brasse exploration well in licence PL740 in the Norwegian North Sea (Faroe 50%).

Oil and gas discovery at the Brasse exploration well

The Brasse well (31/7-1) has been drilled to a total depth of 2,780 metres.  The well encountered approximately 18 metres of gross gas-bearing and approximately 21 metres of gross oil-bearing Jurassic reservoir  which is believed to be analogous to the effective reservoir at the Brage producing oil field (Faroe 14.3%), located approximately 13 kilometres to the north of Brasse.  Preliminary results based on extensive coring, wireline logs and pressure data show that the well has encountered oil and gas in reservoir sandstones of good quality.  The presence of oil and gas has been confirmed subsequently by fluid sampling.

The partnership has now decided to drill a sidetrack to help confirm both the reservoir distribution and hydrocarbon contacts.  A further announcement will be made at the completion of drilling activities. The co-venturer in the PL740 licence is Point Resources AS (50%).

Njord Facility Update

In line with previous guidance, production from the Njord and Hyme fields (Faroe 7.5%) has been suspended, and the Njord A platform will be towed to shore for refurbishment and modification.

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

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...

Latest Energy Jobs

View more Job Listings >>

Archived Articles

PennEnergy Articles
2008 | 2009 | 2010 | 2011 | 2012 | 2013

OGJ Articles
2011 | 2012 | 2013

OGFJ Articles
2011 | 2012 | 2013

Power Engineering Articles
2011 | 2012 | 2013

Power Engineering Intl Articles
2011 | 2012 | 2013

Utility Products Articles
2011 | 2012 | 2013

HydroWorld Articles
2011 | 2012 | 2013

COSPP Articles
2011 | 2012 | 2013

ELP Articles
2011 | 2012 | 2013