PL433 - Fogelberg (Blocks 6506/9 part and 12 part) - Faroe Petroleum 15%                   

Fogelberg (Licence PL433) is a substantial gas/condensate discovery, located approximately 18 kilometres to the North of the producing Åsgard Field (Smørbukk deposit) in the Norwegian sea. The structure is similar to the Statoil operated Morvin oil and condensate discovery located 10 kilometres to the southwest.

Faroe was awarded this licence in 2007, as one of its first Norwegian licences, and one of several licences identified and won on the basis of Faroe's own original technical work.

The drilling operation, undertaken in early 2010, was undertaken by the operator Centrica using the West Alpha semi-submersible drilling rig.  Gas and condensate was encountered in both the mid/late Jurassic Garn and Ile formation. Despite an extensive data gathering, the volumetric uncertainty remains relatively large at this stage due to the position of the Fogelberg well which is located relatively high on the structure.

The operator has since embarked on a pre-sanction work programme with select studies for the two viable hosts, and the plan is to complete the concept select host studies and enter into commercial arrangements during 2014.

 

Partners in the well are Centrica Resources Norge AS (operator 40%), Suncor Energy Norge AS, (30%) and E.ON E&P Norge AS (15%)




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