Appraisal well 6506/4A encountered 58 metres of gross hydrocarbonbearing Garn sand-rich reservoir and 87 metres of gross hydrocarbonbearing Ile reservoir. The well flowed at a maximum constrained and stable rate of 4,047 boe/d (including 547 bbl/d of oil) on test. Preliminary analysis suggests a resource range of 40-90 mmboe gross (50 mmbbl required for commerciality). The discovery could be developed through a tie back to Asgard B. Development is expected to cost NOK5-6 bn with a lower num
29 Jun 2018
FLASH: Positive results at Fogelberg in Norway
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FLASH: Positive results at Fogelberg in Norway
Faroe Petroleum (FPM:LON) | 0 0 (-0.4%) | Mkt Cap: 371.0m
- Published:
29 Jun 2018 -
Author:
Stephane Foucaud -
Pages:
2
Appraisal well 6506/4A encountered 58 metres of gross hydrocarbonbearing Garn sand-rich reservoir and 87 metres of gross hydrocarbonbearing Ile reservoir. The well flowed at a maximum constrained and stable rate of 4,047 boe/d (including 547 bbl/d of oil) on test. Preliminary analysis suggests a resource range of 40-90 mmboe gross (50 mmbbl required for commerciality). The discovery could be developed through a tie back to Asgard B. Development is expected to cost NOK5-6 bn with a lower num