Monday 15 October 2018

Faroe Petroleum is the operator for production licence 740 in the North Sea. Petroleum Safety Authority Norway have now given the company consent to drill exploration well 31/7-3 S (“Brasse Øst”). The purpose of the well is to appraise discovery 31/7-1 Brasse.

The well is to be drilled in block 31/7 east of the Oseberg field in the central North Sea.

The site's geographical coordinates are:

60° 26’ 17.508” N

03° 03’ 43.491” E

Water depth at the site is around 124 metres.

The drilling operation is scheduled to begin in October 2018 and is expected to last at least 38 days.

Well 31/7-3 S is to be drilled by Transocean Arctic, which is a semi-submersible drilling facility of the Marosso 56 type, built by Mitsubishi Heavy Industries in Japan in 1987. It is classified by DNV GL and registered in the Marshall Islands.

The facility is operated by Transocean Ltd and received Acknowledgement of Compliance (AoC) from the PSA in July 2004.