“I am very pleased to announce the spudding of the Blink exploration which follows on from the Boomerang discovery announced last week,” said Faroe Petroleum CEO Graham Stewart in a press release. “Blink is part of the follow up drilling programme on the significant Pil and Bue discoveries announced in 2014, located in the same licence area and within tie-back distance of the producing Njord field infrastructure.”
The well at the Boomerang prospect contains estimated recoverable reserves of between 13 million-31 million barrels of oil equivalent.
VNG Norge, the operator of the license, is using the Transocean Arctic semi-submersible rig to drill in water depth of 360 metres.
“The Greater Njord Area, which includes the Pil and Bue discoveries, the producing Njord and Hyme fields as well as the Snilehorn discovery announced in late 2013, together form a substantial position for Faroe with already significant proven resources. This drilling campaign has the potential to add considerable additional value,” Stewart said.
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