Faroe Petroleum Plugs Cooper Well (Norway)

Faroe Petroleum Plugs Cooper Well (Norway)

Faroe Petroleum has announced further results on the 6506/11-9 S Cooper well in the Norwegian Sea (Centrica 40% and operator, Suncor 30% and Faroe Petroleum 30%).

The primary target for the well was to prove up hydrocarbons in the Middle Jurassic Garn, Ile, Tofte and Tilje Formations. The secondary target was to prove up hydrocarbons in the Cretaceous Lysing and Lange formations. The well encountered oil in a 59 metres gross section within the Garn Formation and 10 metres within the Ile Formation. Extensive data acquisition and sampling has been carried out. In addition oil was encountered in thin sand stringers within in the Cretaceous Lysing and Lange formations.

A formation drill stem test (DST) has been performed on the Garn Formation, however no hydrocarbons flowed to surface. Several formation and pressure tests were also carried out and confirmed restricted flow within the reservoir, however no interpretation of potential fluid contacts was possible. The partnership will now evaluate these Jurassic and Cretaceous discoveries, together with the results from the DST and how this will impact the remaining licence potential

The Cooper well is the first exploration well within the production license PL 477 and was awarded through the APA 2007 license round. The well, which is now being plugged and abandoned was drilled to a vertical depth of 4954 meters (5330 meters measured depth) below sea level and was completed in Lower Jurassic Åre Formation.

Graham Stewart, Chief Executive of Faroe Petroleum, commented:

“Although the DST results on the Garn formation were disappointing we take encouragement from the discoveries made at multiple horizons and that the poor flow characteristics of the Jurassic reservoir observed in this well are not seen in the other nearby producing fields.

We will continue to evaluate the large amount of data that has been collected in the Cooper well to try to resolve why the Garn formation is tight and whether this is likely to be a local or a field wide reservoir phenomenon. It is a testament to the technical team at Faroe who identified the Cooper prospect and have again delivered, on prognosis, a discovery of hydrocarbons in multiple horizons.

 Our high impact drilling campaign continues with the North Uist well with BP as operator, West of Shetlands and we look forward to spudding the Spaniards well in the UK with Premier Oil as operator in October 2012.”

Press Release, August 24, 2012


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