Global Leader in International North Sea Oil Industry News

posted in:

Faroe Petroleum announces Darwin exploration well commences in the Norwegian Barents Sea

Monday, Mar 04, 2013

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 Darwin exploration well (7218/11-1) (Faroe 12.5%).

The Darwin prospect is located on the Veslemøy High in the frontier western part of the Barents Sea approximately 60 to 80 kilometres to the south west of the recent significant Statoil Skrugard and Havis oil discoveries. Multiple targets have been identified on 3D seismic and this well will test the main Darwin prospect and contribute towards further de-risking of the large upside potential in the remainder of the licence area.

The drilling operations are being operated by Repsol Exploration Norge AS (20%) utilising the Transocean Barents semi-submersible drilling rig. The other joint venture partners are Talisman Energy Norge AS (12.5%), Marathon Oil Norge AS (10%), RWE Dea Norge AS (15%), Det norske oljeselskap ASA (10%) and Concedo ASA (20%).

Graham Stewart, Chief Executive of Faroe Petroleum, commented:

“We are very pleased to announce the spudding of this high impact wildcat well which is our first in the highly prospective Barents Sea. This well is located in the promising western part of the Barents Sea - an area where a major breakthrough was achieved in 2011 with the giant Skrugard oil discovery.

“We have an active 2013 exploration drilling programme which includes several high impact exploration wells including Novus (Norwegian Sea) and two Butch wells (Norwegian North Sea).”

Source: Faroe Petroleum

To access over 3,000 of the latest oil projects from across the world visit Projects OGP for free trial today

posted in:

Other North Sea Oil News

McDermott Signs Agreement for North Sea Spoolbase 18-04-2014
DNV GL Oil & Gas to expand footprint in West Norway 16-04-2014
Drilling permit for well 25/8-18 S in production licence 169 14-04-2014
Shell shelves compression project for key North Sea gas field 14-04-2014
Substantial assets remain on the Norwegian shelf 04-04-2014
Joint project improves North Sea drilling efficiency, report claims 03-04-2014
ITWORX wins £500,000 of new business in first quarter of 2014 31-03-2014
Northern Offshore announces exercise of contract option for jackup Energy Enhancer 31-03-2014
Valvestock supplies key components for new Sembmarine North Sea accommodation platform 26-03-2014
Aberdeen-based ICR Integrity plans further expansion with backing from Graphite Capital 21-03-2014