The Norwegian Petroleum Directorate (NPD) announced that Faroe Petroleum Norge has successfully concluded drilling wildcat wells 31/7-1 and 31/7-1A in the North Sea.
The operator said it found oil in both wells, located 8 miles south of the Brage field in production licence 740.
“31-7-1 proved oil and gas and 31/7-1A delineated the discovery,” the NPD informed in a statement.
Faroe North Sea Oil Discovery Confirmed
The two wells are the first and second exploration wells in the production licence awarded in 2013.
The drilling was made by the Transocean Arctic rig, which will now drill wildcat well 36/7-4 in production licence 636 in the North Sea, operated by ENGIE E&P Norge.
According to preliminary estimates, the size of the discovery is between 6.8 and 12.7 million cubic metres (240.1 and 448.5 million cubic feet) of recoverable oil equivalents.
The licensees will now assess the possible tie-in of the discovery to existing infrastructure on the Brage field.
Well 31/7-1 was drilled to a vertical depth of 9,000 feet below the sea surface, while well 31/7-1A was drilled to a vertical depth of 7,447 feet below the sea surface. Water depth at the site is 140 metres (459.3 feet).
The wells will now be plugged and abandoned.
Possible Brage Field Tie-In
Well 31/7-1 encountered a gas column of about 18 metres (59 feet) and an oil column of about 21 metres (69 feet) in sandstone in the Middle Jurassic Fensfjord formation, with a good quality reservoir.
Well 31/7-1A, which delineated the discovery, encountered a gas column of 6 metres (19.6 feet) and an oil column of 25 metres (82 feet) with equivalent levels to those of the discovery well.
The secondary and third exploration targets came out dry.
The wells’ primary exploration target was to prove and delineate petroleum in Middle Jurassic reservoir rocks, while the secondary exploration target was also in Middle Jurassic reservoir rocks. The third exploration target was in the Lower Jurassic.