Faroe Petroleum Announces Commence of Drilling at Clapton Prospect

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic margin, the North Sea and Norway, announces that drilling has commenced on the Clapton prospect in the Norwegian North Sea (Faroe 40% and operator).

Well 2/8-18 S is Faroe Petroleum’s first operated well in Norway and will target the Clapton Prospect located in PL440 S in block 2/8, approximately 5 km east of the Eldfisk East Field and 10 km north of the Valhall Field.

Clapton is a chalk prospect on the flanks of the salt induced Mode Dome and the well will target the Ekofisk, Tor and Hod formations, which are the main producing reservoirs in the neighbouring fields.

The well will be drilled using the Maersk Guardian jack-up rig and the partnership consists of Dana Petroleum Norway AS (20%), Lundin Norway AS (18%), Norwegian Energy Company ASA (12%) and Det Norske Oljeselskap ASA (10%).

 Graham Stewart, Chief Executive of Faroe Petroleum, commented:

“We are pleased to announce the spudding of Faroe Petroleum’s first operated well in Norway. The well is targeting the Clapton prospect, which is in close proximity to a number of giant oil fields in this prolific area of the Norwegian North Sea.”

“This is an exiting period for Faroe Petroleum with three high impact exploration wells drilling at the same time. We look forward to the results of the Cooper well in the Norwegian North Sea (Faroe 30%), the North Uist exploration well west of Shetland (Faroe 6.3%) together with our own operated Clapton well.”

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Offshore Nieuws Staff, May 24, 2012; Image : Faroe Petroleum