Faroe spuds Bister exploration well

Faroe Petroleum, anindependent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, announced the spudding of the Bister exploration well 6407/8-7.

The Bister prospect is located in the Norwegian Sea in Licence PL 348/C, which also contains the producing Hyme field and the 2013 Snilehorn discovery. The licence is located adjacent to the producing Njord field (Faroe 7.5%) with Statoil as the operator of both PL348 and Njord. The Bister exploration well, located in approximate water depth of 260m, is operated by Statoil (35%) using the Transocean Spitzbergen drilling rig with partners GDF SUEZ E&P Norge (20%), E.ON E&P Norge (17.5%), Core Energy (17.5%) and VNG Norge (2.5%). Results from the well will be announced when drilling operations are complete.

Graham Stewart, chief executive of Faroe Petroleum commented: “I am very pleased to announce the spudding of the Bister exploration well to follow up on the significant Snilehorn discovery announced in 2013, located in the same licence and close to the producing Njord Field infrastructure. During the coming months we also expect to start drilling the first of two follow-up wells at the significant Pil discovery (Faroe 25%) on the Blink and Boomerang prospects.””,”2015-05-07 00:00:00

Photo: Credit – Ole Jørgen Bratland – Copyright – Equinor – Oseberg Field Center – Equinor media library

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