Faroe Petroleum spuds the Shango exploration well 25/6-5S (Faroe 20%). The Shango prospect in Licence PL 627 (named Skirne East by the operator Total E&P Norge AS ('Total')) is located in the Norwegian North Sea on the northern part of the Utsira High approximately 5 kilometres from the producing Skirne field, which is also operated by Total.
Shango is a structural prospect where the primary target is the Middle Jurassic Hugin formation reservoir, which has proved to be of excellent quality in the neighbouring Skirne field. Shango is located on the spill-route from the Skirne field which is producing above expectations and has been interpreted to be filled to spill.
A fast-track subsea development to the Skirne field is planned if the prospect is found to contain a similar gas and condensate hydrocarbon type as found in Skirne. Skirne has been developed as a tie-back to the Statoil-operated Heimdal platform approximately 24 kilometres to the west.