On 11th July, Faroe announced the completion of a successful side-track appraisal well on the Brasse discovery in PL740 (50% WI) in the Norwegian North Sea and revised volume estimates for the discovery.
The objective of the Brasse side-track well was to appraise the south-eastern part of the structure previously identified by the main discovery well. The side-track reached a depth of c.2,530m and encountered a 25m gross oil column and a 6m gross gas column. The side-tack encountered oil and gas in good quality Jurassic reservoir sandstones, similar to those seen in the main well.
Total gross volumes of recoverable hydrocarbons are now estimated to be 28 – 54mmbbl of oil and 89 – 158bcf gas (43 – 80mmboe in aggregate, which compares with pre-drill estimate of 14 – 33mmbbl). The reservoir is of good quality and believed to be analogous to the effective reservoir at the Brage producing oil field in which Faroe has a 14.3% interest.
The Brasse discovery is located within tie-back distance to existing infrastructure with available capacity. It is c.15km to the south of the Brage field platform, c.15km east of the Oseberg Sør field platform, and c.15km to the south east of the Oseberg field platform. Faroe and its partner, Point Resources (50% WI), will now begin assessing options for monetising this discovery.
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| Brasse area map |
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