Faroe spuds Brasse East well in North Sea
Independent oil company Faroe Petroleum has started drilling the Brasse East exploration well 31/7-3S in the Northern North Sea offshore Norway.
The Brasse East well is being drilled immediately east of the Brasse field (discovered by Faroe in 2016 and appraised in 2017) which in turn is located to the south of the Brage field and to the south east of the Oseberg field.
At the end of 2017, the Brasse field development feasibility study phase was completed, confirming several economically attractive development solutions and export routes. Concept studies are currently progressing according to plan.
Announcing the spudding of the well on Wednesday, Faroe said that the total expected vertical depth of the well is approximately 2,271 meters, in water depth of 124 meters. Drilling operations will be undertaken using the semi-submersible Transocean Arctic rig.
Graham Stewart, CEO, commented: “I am pleased to announce the spudding of the Faroe-operated Brasse East exploration well which is immediately adjacent to the Faroe-operated Brasse field. Brasse East offers upside potential for the Brasse field development as well as potential to unlock additional exploration upside to the north east of the Brasse field.
“Faroe’s active exploration program is continuing over the coming period, with the Cassidy well preparing for drilling later this year plus a further two wells committed for 1H 2019.”
Faroe has a 50% working interest in the Brasse license and is the operator. The co-venturer in the Brasse PL 740/PL 740 B/PL 740C licenses is Point Resources with a 50% interest.
Earlier this month Faroe received disappointing results from its Rungne exploration well in the North Sea offshore Norway.