Fortis Petroleum Norway AS Announces Spudding of Exploration Well 25/4-11
Monday 14 August 2017
Fortis is pleased to announce that the company has been informed by AkerBP ASA, the Operator, that the Maersk Interceptor jack-up rig spudded the 25/4 – 11 exploration well targeting the Hyrokkin prospect, on 11th August 2017.
The Hyrokkin prospect in PL 677, is located approximately 20 km northeast of the Alvheim field and approximately 220 km northwest of Stavanger on the west coast of Norway. The primary objective of well 25/4 – 11 is to test the hydrocarbon potential and reservoir properties of the Tertiary Heimdal Fm. in the Hyrokkin prospect.
Drilling is expected to take approximately 23 days and further announcements on the results of the well will be made in due course.
Michael Haagaard, Chief Executive Officer of Fortis. Commented:
‘The spudding of well 25/4 – 11 in this highly prospective part of the Norwegian North Sea close to existing infrastructure is exciting as we believe that a great deal of value remains to be extracted from the Norwegian Continental Shelf. The application of leading edge technology, coupled with the financial backing of Fortis’s majority owner, the Seacrest Capital Group, will enable the company to maximise the value creation opportunities in the region.’
About Fortis
Fortis currently holds working interest positions in 19 exploration licences across offshore Norway, including the Central and Viking Grabens, the Stord Basin, and the Nordland Ridge.
Fortis was founded in April 2010. The company focuses on creating value via exploration by utilising leading edge geophysical technology to identify and de-risk prospects. Its primary focus is new and revitalised play concepts in mature areas. The company has access to more than 280,000 km2 of state of the art 3D seismic in NW Europe, which provides a unique regional perspective and allows the company to:
Establish new and challenge established play concepts based on a super regional 3D data base
Increase exploration activity in mature as well as under-explored areas
Optimise and de-risk the exploration process
Create value for stakeholders
Fortis is an Azimuth Group company, financially backed by Seacrest Capital Group, a leading energy investor specialising in creating and growing regionally focused oil & gas exploration and production companies.