Project Profile
Value: Undisclosed
Location: North of the Maria Discovery and the Santana prospects
Start-up Year: -
In the 2011 APA licensing round, Faroe Petroleum was awarded a 30% interest in PL590, which is located to the north of the Maria Discovery and the Santana prospects. The license area contains a number of promising leads and the Milagro Prospect, which are all located within the Grinda Graben and are potential tie-back candidates to a Maria development. The work programme will include seismic reprocessing and optional seismic acquisition.
Operators:
Faroe (30%)
North Energy ASA (30% and operator)
Wintershall (30%)
Spike Exploration Holdings AS (10%)