02/Sep/2014 - Last News Update: 05:01

Drilling starts at Faroe Petroleum prospect off Norway

Category: Scotland

Published: 24th May 2012 09:59:28

Drilling has started at Faroe Petroleum's first operated well off Norway, the company has announced.

Aberdeen-based Faroe said it was targeting its Clapton prospect in the Norwegian North Sea.

The well is about three miles east of the Eldfisk East Field and six miles north of the Valhall Field.

Clapton is shared between Faroe (30%) Dana Petroleum Norway (20%), Lundin Norway (18%), Norwegian Energy Company (12%) and Det Norske Oljeselskap (10%).

Faroe chief executive Graham Stewart said the prospect was close to a number of giant oil fields in the area.

"This is an exciting period for Faroe Petroleum with three high-impact exploration wells drilling at the same time," he said.

"We look forward to the results of the Cooper well in the Norwegian North Sea (Faroe 30%), the North Uist exploration well west of Shetland (Faroe 6.3%) together with our own operated Clapton well."

Source:
BBC News External Link Show Citation

Latest News

Harvard Citation

BBC News, 2012. Drilling starts at Faroe Petroleum prospect off Norway [Online] (Updated 24th May 2012)
Available at: http://www.ukwirednews.com/news/1430636/Drilling-starts-at-Faroe-Petroleum-prospect-off-Norway [Accessed 2nd Sep 2014]

News In Other Categories