Faroe Petroleum has started drilling Brasse appraisal well 31/7-2S in the Norwegian North Sea, which it owns a 50% stake in and has operatorship. 

In July last year, the company made Brasse oil and gas discovery in PL740  where the main wellbore 31/7-1  encountered an 18m gross gas column and a 21m gross oil column in the Jurassic reservoir.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Faroe estimates total gross volumes of recoverable oil equivalents from the resource to be 28 milion to 54 million barrels of oil, and 89 billion to 158 billion cubic feet of gas.

Faroe Petroleum chief executive Graham Stewart said: “Brasse is one of Faroe’s most significant discoveries to date, and was the largest discovery in the Norwegian North Sea in 2016. 

“Faroe is now actively investing in pre-development and development of several of its own discoveries, each of which has the potential to transform the value of the company in the coming years.” 

See Also:

"Brasse is one of Faroe’s most significant discoveries to date."

Primary objectives of the newly spud appraisal well are to reduce the uncertainty in reserves estimates, in addition to delivering more information for the development project. 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

It will target a seismic anomaly 2km south-east of the main discovery well.

The company will use Odfjell Drilling’s submersible drilling rig, Deepsea Bergen, to carry out the drilling operations.

Later this year, Faroe intends to drill the second appraisal on the Brasse discovery in cooperation with licence partner Point Resources, based on the latest drilling results.

Faroe will also use the results to analyse prospectivity of the recently awarded Brasse Extension area before making a drill decision scheduled next year.