Gulf Oil and Gas accountACCOUNT

Faroe Petroleum Spuds Pil Exploration Well in the Norwegian Sea

Source: www.gulfoilandgas.com 1/21/2014, Location: Europe

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic margin, the North Sea and Norway, is pleased to announce the spudding of the VNG-operated Pil exploration Pil exploration well 6404/12-3S (Faroe 25%).

The Pil prospect (Licence PL 586) is located within tie-back distance (33 kilometres) to the Njord platform in which the Company holds a 7.5% interest. The prospect is a combined structural and stratigraphic closure and the primary target is at the shallower upper Jurassic Rogn formation sandstone which has proved to be an effective reservoir in the producing Draugen field, located 60 kilometres to the north east.

The Pil licence drilling operations are operated by VNG Norge AS (30%) using the Transocean Arctic drilling rig with partners Spike Exploration Holdings AS (30%) and Rocksource Exploration Norway AS (15%).

Graham Stewart, Chief Executive of Faroe Petroleum commented:
“We are pleased to announce the spudding of the Pil exploration well which, as with our recently discovered Snilehorn oil discovery, is another exciting exploration prospect located in the Greater Njord Area. Pil is situated in close proximity to the Njord hub facilities, which act as host to the Hyme field, and is also likely to host the significant Snilehorn oil field and potentially further yet to be discovered fields in the vicinity.

“Pil is the third well in our 2014 exploration programme. This exciting exploration campaign commenced with the Butch East well (Faroe 15%), currently drilling, close to the producing Ula, Tambar and Gyda oil fields and continues with the Novus well, currently drilling, close to the producing Heidrun oil field, operated by Statoil. Pil follows the significant Snilehorn discovery announced in November 2013. Following these wells, we also look forward to the drilling of the Solberg (Faroe 20%) and Butch South West (Faroe 15%) prospects, also in Norway.

“With material equity stakes held in a portfolio of excellent quality licences across the prolific North Sea, Norwegian Sea and Barents Sea in Norway, Faroe Petroleum has the real potential to generate considerable shareholder value through our sustained programme of exploration and appraisal drilling.”

Drilling News in Norway >>

Brazil >>  4/17/2019 - Halliburton Company announced the execution of an integrated services contract with Royal Dutch Shell for post-salt development and pre-salt explorati...
United Kingdom >>  4/17/2019 - Hurricane Energy plc, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, announces that the...

Australia >>  4/16/2019 - Central Petroleum Limited (Central) advises that the Operator (Santos) of EP112 Joint Operations has notified that the Dukas-1 well spudded at 7.45am ...
Australia >>  4/16/2019 - Senex Energy Ltd will start its Surat Basin natural gas drilling program next month after contracting experienced oil and gas services provider Easter...

Cameroon >>  4/16/2019 - Tower Resources plc, the AIM-listed oil and gas company with a focus on Africa, is pleased to provide an update on operations on the Thali block in Ca...
Norway >>  4/16/2019 - The Norwegian Petroleum Directorate has granted Aker BP ASA a drilling permit for well 25/11-29 S, cf. Section 15 of the Resource Management Regulatio...

Related Categories: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 

Related Articles: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 


Norway Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 |

More News

Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.