Faroe Petroleum has started drilling the Njord North Flank-2 (NF-2) exploration well 6407/7-9 S in the Norwegian Sea.
Situated in licence PL107C, the NF-2 prospect is immediately north of the Njord field, in which Faroe holds a 7.5% stake and is expected to add further reserves if it is successful.
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Located in about 323m of water, the well is set to target the middle and lower jurassic sandstone reservoirs of the Ile and Tilje formations in a structural closure.
The NF-2 exploration well is operated by Statoil Petroleum with a 20% interest using the Songa Delta drilling rig.
Other partners include Engie E&P Norge (40%), DEA E&P Norge (30%) and VNG Norge (2.5%).
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Faroe Petroleum chief executive Graham Stewart commented: “I am pleased to announce the spudding of the Njord North Flank-2 exploration well located in the Greater Njord Area, and in close proximity to the Njord field. NF-2 is a near-field exploration target, which provides further upside potential to Faroe in one of our core areas.
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By GlobalData“If successful, this will add another tie-in opportunity to the Greater Njord Area and the Njord Future Project, which also includes the high quality Snilehorn discovery.”
The exploration of the NF-2 well follows the drilling of the Faroe-operated Brasse oil and gas discovery well and side-track announced last month.
