Project Profile
Value: Undisclosed
Location: Blocks 30/9 and 31/7, south of the Brage field, on the possible migration route into Brage, Northern North Sea, Norway
Depth: 2,780 metres
Area: unknown
Reserves: unknown
Start-up Year: -
Faroe Petroleum has been awarded a new prospective exploration licence under the 2013 Norwegian APA (Awards in Pre-defined Areas) Licence Round on the Norwegian Continental Shelf. Licence PL740 Brasse is located in Blocks 30/9 and 31/7: Faroe (50% and operator) and Core Energy AS (50%). The Brasse Prospect in the Upper Jurassic Sognefjord formation is located south of the Brage field on the possible migration route into Brage in Northern North Sea, Norway. The prospect holds significant upside potential in stacked reservoirs in Upper and Middle Jurassic. The work programme will be focused on reducing risk by improving the existing 3D seismic dataset through re-processing.
The results from Brasse side-track well (31/7-1A) based on extensive coring, wireline logging and sampling show that the well has encountered oil and gas in good quality Jurassic reservoir sandstones, similar to those seen in the main well, and provide important information about the reservoir distribution in Brasse. Total gross volumes of recoverable hydrocarbons are estimated to be 28-54 mmbbls of oil and 89-158 bcf of gas (43-80 mmboe in aggregate). The Brasse discovery well (31/7-1) encountered approximately 21 metres of gross oil-bearing and approximately 18 metres of gross gas-bearing Jurassic reservoir. (July, 2016)
Operators:
Faroe Petroleum: Operator with 50% interest
- Operator for PL 740. The exploration well is the 1st to be drilled in this production licence in the prospect Brasse, with the designation 31/7-1. The location is 16 km south-east of Oseberg A and ~93 km west of Sotra in Hordaland. (11/05/2016)
Core Energy AS (Core): 50% interest
Contractors:
Transocean Offshore (North Sea): Lease of the semi-submersible Transocean Arctic drilling rig. The well costs after tax is estimated to be less than £2m and is expected to be drilled in the summer of 2016. Brasse will test a structure immediately to the south of the producing Brage field. (December 2015)