Faroe Petroleum announced the results of the Brasse East exploration well in the northern North Sea that showed no hydrocarbons were present in the Brasse East prospect but the results of the appraisal sidetrack was more promising.
The Brasse East exploration well 31/7-3 S was drilled to a total depth of 2,247 metres below sea level. The well encountered 48 metres of gross Jurassic reservoir with excellent properties, but was found to be water wet.
The sidetrack well was drilled to a total depth of 2,254 metres below sea level. Preliminary analysis of the log data acquired whilst drilling, indicates the well encountered approximately 40 metres of gross hydrocarbon-bearing Jurassic reservoir.
Graham Stewart, Chief Executive of Faroe Petroleum, commented: “Although no hydrocarbons were present in the Brasse East prospect we are pleased with the results of the appraisal sidetrack which confirms hydrocarbons within the northern part of the Brasse field, as expected. In addition, the excellent sand quality in the Brasse East Exploration well has reduced the reservoir risk of the Brasse Extension exploration prospect located to the north east of the Brasse field.”
Faroe has a 50 per cent working interest and operator in the Brasse PL 740/PL 740 B/PL 740C licences. The The co-venturer is Vår Energi AS with the remaining 50 per cent stake.