Faroe Petroleum and its partner Point Resources 50% have committed to drill the Brasse East exploration well, offshore Norway, and have subsequently sealed a contract with Transocean for semi-submersible rig Transocean Arctic.
.Drilling is expected to commence in the fourth quarter of 2018, after the Transocean Arctic finishes a campaign with Faroe at the Rungne field.
Graham Stewart, CEO of Faroe Petroleum, commented: “I am pleased to announce the addition into our 2018 exploration drilling programme of the Brasse East exploration well, which brings the total number of exploration and appraisal wells planned for the year to six. The Brasse development programme continues apace as we work towards concept selection by year end. If successful the Brasse East well could contribute significant additional hydrocarbons, thereby potentially adding further value to this attractive flagship development project.”
