Faroe has announced commencement of its Tambar development project, operated by Aker BP. This consists of the drilling of two new infill wells to target undrained areas in the north and south of the main Tambar reservoir (potentially augmenting 2P reserves, possibly by a net low single figure mmbbl number), and the installation of gas lift in three of the four existing producers. The overall project could potentially extend Tambar field life by up to ten years. Production from the new wells s
25 Oct 2017
Tambar project commences
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Tambar project commences
Faroe Petroleum (FPM:LON) | 0 0 (-0.4%) | Mkt Cap: 371.0m
- Published:
25 Oct 2017 -
Author:
Daniel Slater -
Pages:
3
Faroe has announced commencement of its Tambar development project, operated by Aker BP. This consists of the drilling of two new infill wells to target undrained areas in the north and south of the main Tambar reservoir (potentially augmenting 2P reserves, possibly by a net low single figure mmbbl number), and the installation of gas lift in three of the four existing producers. The overall project could potentially extend Tambar field life by up to ten years. Production from the new wells s