Faroe confirms Brasse discovery with side-track appraisal well
ABERDEEN, Scotland -- Faroe Petroleum has completed a successful side-track appraisal well on the Brasse discovery in license PL740 in the Norwegian North Sea.
The objective of the Brasse side-track well (31/7-1A) was to appraise the south-eastern part of the hydrocarbon bearing structure previously identified by the main discovery well. The Brasse side-track reached a total depth of 2,530 m (MD) and encountered a 25-m gross oil column and a 6-m gross gas column. Results 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.
The hydrocarbon-bearing interval in the side-track well was found to be at a similar pressure level to the hydrocarbon-bearing interval in the initial discovery well. Total gross volumes of recoverable hydrocarbons are estimated to be 28–54 MMbbl of oil and 89–158 Bcf of gas (43–80 MMboe in aggregate).
The Brasse discovery well (31/7-1) encountered approximately 21 m of gross oil-bearing and approximately 18 m of gross gas-bearing Jurassic reservoir. The reservoir is of good quality and believed to be analogous to the effective reservoir at Brage oil field.
The Brasse discovery is located within tie-back distance to existing infrastructure: 13 km to the south of the Brage field platform, in which Faroe holds a 14.3% working interest, 13 km to the east of the Oseberg Sør field platform, and 13 km to the southeast of the Oseberg field platform.
Faroe (50%, operator) and its co-venturer, Point Resources, will now begin assessing options for this discovery.
“We are very pleased to announce the results of this successful side-track appraisal well on the Brasse discovery, which proves the hydrocarbon and reservoir distribution found in the main discovery well and delineates the lateral extent of the discovered area,” Graham Stewart, chief executive of Faroe Petroleum, said. “This discovery, in one of our core areas, builds, via this low cost exploration and appraisal well, on Faroe’s already significant position in the Norwegian North Sea.”
