Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/snilehorn-exploration-well-commences-in-the-norweg.shtmlSnilehorn exploration well commences in the Norwegian Sea
Faroe Petroleum is pleased to announce the spudding of the Statoil-operated Snilehorn exploration well 6407/8-6
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Faroe Petroleum is pleased to announce the spudding of the Statoil-operated Snilehorn exploration well 6407/8-6 (Faroe 7.5%).
The Snilehorn prospect is located four kilometres from the Hyme producing oil field (Faroe 7.5%) in the Norwegian Sea. Hyme produces into the Njord field facilities (Faroe also 7.5%).
The well and a planned side-track will target oil and gas in the Jurassic Ile, Tilje and Åre Formations (analogous to the Hyme reservoir) and, if successful, the plan is to fast-track a development along similar lines to the Hyme development. The water depth is 282 metres and the well is planned to be drilled to a total depth of approximately 3,205 metres. The drilling operations are being undertaken by Statoil (50%) utilising the Songa Trym rig.
Graham Stewart, Chief Executive, Faroe Petroleum commented: “We are pleased to announce the spudding of the Snilehorn exploration well, the first of our six well programme which, if successful, offers an opportunity to add new production at a low cost through a fast-track tie-back to the nearby Hyme field in which Faroe also participates with 7.5%".
