Faroe Petroleum reports DST results at Brasse appraisal well

ABERDEEN -- Faroe Petroleum has announced the results of the Drill Stem Test (DST) on the 31/7-2 S Brasse appraisal well in the Norwegian North Sea (Faroe 50% and operator, Point Resources 50%).

The Brasse appraisal well DST has been completed providing clear evidence of a highly prolific reservoir and excellent quality sands with multi-Darcy permeability at this location. An extensive data acquisition program was carried out in the well, including the cutting of cores together with a full suite of wireline logs, fluid samples and a DST. The well flowed at a constrained maximum stable rate of 6,187 bopd from a 3.6 m perforated interval, through a 1-in. choke and with 800 psia at the wellhead. Flow and pressure measurements indicate a prolific reservoir.

The site sampling of the fluid produced during the DST confirms good quality light crude similar to the nearby Brage field (Faroe 14.3%), with the presence of 36.2° API oil with a gas/oil ratio of 887 scf/stb, to be confirmed by onshore laboratory testing. Trace element analysis revealed no undesirable components and the oil flowed sand and water free for the duration of the test.

The Brasse appraisal program will continue now with the drilling of a sidetrack well, targeting a location approximately 1,000 m west of the current main wellbore. The objective of the side-track is to map the reservoir distribution and further delinate the Brasse structure. A further announcement will be made at the completion of drilling activities including a revised estimate of recoverable resources for the discovery.

The Brasse field discovery was made by Faroe in 2016 and is located within tie-back distance to existing infrastructure: 13 km to the south of the Brage field platform, in which the Company holds a 14.3% working interest and 13 km to the south east of the Oseberg field center. Faroe operates the field with 50% equity together with Point Resources (50%).