ADVERTISEMENT


Faroe Petroleum

Faroe Petroleum has made discoveries at the Njord North Flank in the Norwegian Sea at water depths of approximately 1,060 ft. The exploration well NF-2 6407/7‑9S encountered a gross oil-bearing reservoir of 334 ft and a gross gas condensate-bearing column of 515 ft. The sidetrack well NF-3 6407/7-9A encountered separate gas-bearing columns of 639 ft and 459 ft. Preliminary estimates indicate a collective discovery of 1.9 million BOE to 28.3 million BOE. The company has a 7.5% interest in the wells, which are operated by Statoil (20%). Engie (40%), DEA (30%), and VNG (2.5%) hold the other interests.


STAY CONNECTED

Don't miss out on the latest technology delivered to your email weekly.  Sign up for the JPT newsletter.  If you are not logged in, you will receive a confirmation email that you will need to click on to confirm you want to receive the newsletter.

 

ADVERTISEMENT