Faroe Petroleum awarded Edinburgh prospect in 30th UKCS license round
LONDON -- Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce that it has been awarded a new prospective exploration license under the 30th license round on the UK Continental Shelf (UKCS).
Block 30/14b – Edinburgh – Faroe 100% and operator
The Edinburgh prospect straddles the UK/Norway border in the Central North Sea, at the south eastern end of the prolific Josephine Ridge area, south of the producing Blane field (Faroe, 44.5%) and adjacent to the producing Flyndre/Cawdor fields, operated by Maersk. The structure is a large, tilted Mesozoic fault block, and is one of the largest remaining undrilled structures in the Central North Sea, covering an area of over 40 km2. The prospective reservoirs in this new license include the Triassic Skagerrak formation and the Upper Jurassic Ula age-equivalent (Freshney and Fulmar) proven reservoir sandstones.
The large Edinburgh prospect spans multiple licenses in UK and Norwegian waters of the North Sea, and is also stratigraphically split across one license. Faroe’s experience of partnering and operating in both the UK and Norway represents a distinct advantage in bringing the drilling of this highly exciting exploration prospect to fruition.
The license work program comprises a drill-or-drop well, pore pressure analysis and structural studies.
