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.

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.

"If successful, this will add another tie-in opportunity to the Greater Njord Area and the Njord Future Project."

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%). 

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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“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.