Faroe Petroleum has made an oil discovery in the Brasse appraisal well in the Norwegian North Sea.
The company operates the well with a 50% working interest, with the remaining stake held by Point Resources.
Drilled to a total depth of 2,450m to target a seismic anomaly located nearly 2km south-east of the main discovery well 31/7-1, the Brasse appraisal well (31/7-2 S) encountered around 8.5m of gross oil-bearing Jurassic reservoir above the oil water contact.
Initial results based on extensive coring, wireline logs and pressure data suggest that the well has encountered oil in a sand-rich reservoir of high-quality.
Preliminary analysis confirms the same oil-water contact as in the main discovery well and side-track and exhibits good pressure communication within the reservoir.
Faroe Petroleum chief executive Graham Stewart said: “This well proves the presence of excellent hydrocarbon bearing reservoir to the south of the original discovery and data gathered and yet to be gathered from the forthcoming drill stem test will provide key information as we continue to progress towards development sanction.
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"Importantly, preliminary analysis of the well results confirms Brasse as a commercial discovery."
Along with its JV partner Point Resources, Faroe intends to perform a DST to confirm well productivity, investigate reservoir distribution and procure important additional information for project planning development.
After the well has been plugged and abandoned, advanced pressure gauges that link with surface will be installed in the 31/7-2 S appraisal well to provide long-term pressure monitoring of the reservoir.
The JV may also decide to drill a potential side-track to the current well (31/7-2 S) and a second appraisal on the Brasse discovery later this year.
The decision will be taken after assessing the 31/7-2 S well and DST results.