17 Dec 2015 12:27
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Don't have an account? Click here to register.Faroe Petroleum confirms Brasse discovery
Mon, 11th Jul 2016 15:33
(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 encountered a 25 metre gross oil column and a 6 metre gross gas column, the company said."Results based on extensive coring, wireline logging and sampling show that the well has encountered oil and gas in good qualityJurassic reservoir sandstones, similar to those seen in the main well, and provide important information about the reservoir distribution in Brasse," Faroe said."The hydrocarbon-bearing interval in the side-track well was found to be at a similar pressure level to the hydrocarbon-bearing interval in the initial discovery well. Total gross volumes of recoverable hydrocarbons are estimated to be 28-54 mmbbls of oil and 89-158 bcf of gas (43-80 mmboe in aggregate)."
More News
4 Dec 2015 12:46
UPDATE 1-Oil firms pile in as Norway moves exploration closer to Russia
(Adds comments by minister, applicants, background) OSLO, Dec 4 (Reuters) - Norway has received applications from 26 oil firms seeking drilling permissions in a licensing round set to move the search for hydrocarbons closer to its border with Russia, the country's Oil and Energy Ministry sa
Read more4 Dec 2015 10:28
RPT-Oil firms pile in as Norway moves exploration closer to Russia
(Repeats to attach alerts to article, no changes in text) OSLO, Dec 4 (Reuters) - Norway has received applications from 26 oil firms seeking drilling permissions in a licencing round set to move the search for hydrocarbons closer to its border with Russia, the country's Oil and Energy Minis
Read more4 Dec 2015 10:27
Oil firms pile in as Norway moves exploration closer to Russia
OSLO, Dec 4 (Reuters) - Norway has received applications from 26 oil firms seeking drilling permissions in a licencing round set to move the search for hydrocarbons closer to its border with Russia, the country's Oil and Energy Ministry said on Friday. Applicants in the so-called 23rd round
Read more10 Nov 2015 10:00
Barclays downgrades Premier Oil, Cairn Energy
(ShareCast News) - Barclays has downgraded Cairn Energy and Premier Oil and initiated on Faroe Petroleum with a neutral stance as it believes the trio are eclipsed by other stocks in the sector that currently offer a more attractive valuations. Cairn Energy is lowered to 'underweight' from 'equalwei
Read more23 Sep 2015 09:20
Faroe Petroleum begins work on second Blink prospect well
(ShareCast News) - Oil and gas company Faroe Petroleum has begun work on the second Pil/Bue follow-up well on the Blink prospect in the Norwegian Sea. Faroe said the 6406/12-5S exploration well, in which it owns a 25% stake, has been spudded. Chief executive Graham Stewart said: "I am very pleased
Read more17 Sep 2015 15:26
Faroe Petroleum finds oil in Boomerang well
(ShareCast News) - Faroe Petroleum has struck oil in the main bore of the Boomerang exploration well at the Pil/Blue discovery in the Norwegian Sea. The AIM-listed oil and gas company, which has a 25% interest in the project, said the well encountered good reservoir properties and moveable oil with
Read more17 Sep 2015 08:22