Global Leader in International Exploration 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 Exploration News

Shell announces Malaysia deep-water gas discovery 17-04-2014
Canadian Natural Resources Limited Announces Discovered Presence of Light Oil/Hydrocarbons Offshore Cote d'Ivoire 17-04-2014
Vankorneft increases scope of geological exploration works to provide increment of recoverable reserves 14-04-2014
Rosneft is successfully developing Exploration drilling program for 2014 11-04-2014
AWE awarded new exploration permit offshore Western Australia 11-04-2014
OMV enters Namibia 03-04-2014
ERHC Energy Inc. announces changes in exploration team 02-04-2014
Deloitte provides licensing round announcements 01-04-2014
Seatronics adds Kongsberg Mesotech’s M3 Multibeam Sonar System to its Asia Pacific rental fleet 31-03-2014
Yemen oil asset – acquisition agreement signed 28-03-2014