15 Jul 2016 08:33
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Don't have an account? Click here to register.Faroe confirms start of Brasse East exploration well
Wed, 21st Nov 2018 14:33
(Sharecast News) - Independent oil and gas company Faroe Petroleum announced the start of the Faroe-operated Brasse East exploration well 31/7-3S in the Northern North Sea, where it has a 50% working interest, on Wednesday.The AIM-traded firm said the Brasse East well was being drilled immediately east of the Brasse field, discovered by Faroe in 2016 and appraised in 2017, which in turn was 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, which Faroe said confirmed several economically attractive development solutions and export routes.Concept studies were currently progressing according to plan, with co-venturer Point Resources, which holds 50%.The total expected vertical depth of the well would be around 2,271 metres, in water depth of 124 metres.Drilling operations would be undertaken using the semi-submersible Transocean Arctic rig, with Faroe confirming that the results would be announced on completion of drilling operations."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," said Faroe Petroleum chief executive officer Graham Stewart."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 programme is continuing over the coming period, with the Cassidy well preparing for drilling later this year plus a further two wells committed for the first half of 2019."
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11 Jul 2016 15:33
Faroe Petroleum confirms Brasse discovery
(ShareCast News) - Faroe Petroleum has confirmed its Brasse oil and gas discovery in the Norwegian North Sea. The discovery was made at licence PL740 in the Norwegian North Sea where the AIM-Listed company is 50% owner and operator. The Brasse side-track reached a total depth of 2,530 metres and en
Read more7 Jul 2016 14:45
Faroe Petroleum awarded new licence in Irish Atlantic margin
(ShareCast News) - Oil and gas company Faroe Petroleum was awarded a new three-year licence option in the Irish offshore by the 2015 Atlantic margin licensing round (AMLR). The 16/23 licensing option covers 960km in the Slyne/Erris Basin. It is one of the second tranche of awards made under the AMLR
Read more2 Jul 2016 02:11
UPDATE 1-Norway oil workers agree wage deal, avoid strike
* Norway oil workers agree wage deal * Employers and unions worked overtime to agree * Avoids strike that would have cut output (Adds quote, background) OSLO, July 2 (Reuters) - Norwegian offshore oil workers and employers signed a new wage deal on Saturday, avoiding a strike
Read more2 Jul 2016 01:54
Norway oil workers agree wage deal, avoid strike
OSLO, July 2 (Reuters) - Norwegian offshore oil workers and employers signed a new wage deal on Saturday, avoiding a strike that would have cut the output from western Europe's top oil and gas producer by about six percent, employers and unions said. Some 755 workers at fields operated by S
Read more28 Jun 2016 13:55
Union warns Statoil not to scale back agreements
OSLO, June 28 (Reuters) - Norwegian oil major Statoil must halt attempts to scale back existing labour agreements if it wants to prevent a strike that would hit output from July 2, a trade union said on Tuesday. About 755 Norwegian workers on seven oil and gas fields operated by Statoil, E
Read more27 Jun 2016 19:26
UPDATE 3-Norwegian unions say 755 oil and gas workers could strike
* July 1 deadline for Norway's oil wage talks * Fields produce 17-18 pct of Norway's output -Reuters calculation * Further escalation likely unless deal found (Updates ExxonMobil's comment) By Stine Jacobsen and Terje Solsvik OSLO, June 27 (Reuters) - About 755 Norwegian
Read more21 Jun 2016 15:04
21 Jun 2016 14:46
Barclays names Ophir Energy 'top-pick', upgrades Premier Oil
(ShareCast News) - Analysts at Barclays re-jigged their recommendations on European Exploration and Production companies in order to take into account the recent rise in crude oil prices and improved investor sentiment regarding companies´ ability to execute to plan operationally. In the process
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