Faroe Petroleum is pleased to announce the spudding of the Wintershall operated Solberg appraisal well 6407/1-7 (Faroe 20%).

The Solberg prospect is located in the APA 2007 license PL475 on the Halten Terrace in the Norwegian Sea four kilometres north-east of the Tyrihans field and eight kilometres south-east of Faroe's significant Maria discovery (2010).

The well will assess the lateral extent and size of the Lower Cretaceous Rodriguez discovery announced by Faroe in January 2013, where moveable hydrocarbons were discovered in sandstone layers in the Lange formation. The Operator's gross un-risked preliminary volumetric estimates of the size of the Rodriguez discovery were stated to be between 19 and 126 million barrels of recoverable oil equivalent.

Tags: Faroe Petroleum