Faroe Petroleum has announced the results of the Rungne exploration well 30/6-30 in the Norwegian North Sea in which it has a 40% working interest. The well encountered 86m of gross water-bearing reservoir in the primary Oseberg formation target and a 56m gross gas/condensate column in the Middle Jurassic Ness formation sandstones. The preliminary company estimate of recoverable gas and condensation is 2.7–17mmboe, which is unlikely to be commercial in isolation. Assuming the removal of
14 Nov 2018
Faroe Petroleum - Rungne uncommercial discovery
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Faroe Petroleum - Rungne uncommercial discovery
Faroe Petroleum (FPM:LON) | 0 0 (-0.4%) | Mkt Cap: 371.0m
- Published:
14 Nov 2018 -
Author:
Sanjeev Bahl -
Pages:
2
Faroe Petroleum has announced the results of the Rungne exploration well 30/6-30 in the Norwegian North Sea in which it has a 40% working interest. The well encountered 86m of gross water-bearing reservoir in the primary Oseberg formation target and a 56m gross gas/condensate column in the Middle Jurassic Ness formation sandstones. The preliminary company estimate of recoverable gas and condensation is 2.7–17mmboe, which is unlikely to be commercial in isolation. Assuming the removal of