No hydrocarbons found in Boné exploration well, Faroe Petroleum says
Faroe Petroleum has announced that drilling has reached target depth on the 7183/12-2 Boné exploration well in the Barents Sea (Faroe 20%).
The Boné well has been drilled to a total depth of 3,501 m. The well encountered approximately 106 m of gross water bearing reservoir in the primary target, the Realgrunnen Group. Data acquisition and sampling has been undertaken including logging and water sampling.
The Boné exploration well was operated by Eni using Saipem's Scarabeo 8 drilling rig and is now being plugged and abandoned as planned.
Licence PL716 was awarded to Faroe in June 2013 in the Norwegian 22nd Licensing Round together with co-venturers Eni Norge AS (30% and operator), Bayerngas Norge AS (20%), Petoro AS (20%) and Point Resources AS (10%).
“While we are disappointed that no hydrocarbons were present in the Realgrunnen section at this frontier location, the well provides important new data and information which will allow further evaluation of this extensive licence in the Barents Sea province," Faroe CEO Graham Stewart said. “Our 2017 drilling program continues with plans progressing well for the appraisal of the 2016 Brasse discovery this summer, which will be operated by Faroe. We are also maturing a number of exciting new drilling targets in Norway with potential to take advantage of the continuing low drilling costs."
