South East Tor - PL006 C/PL006 D
|North Sea (NO)||85% equity||Aker BP ASA (15%)||2/5|
The South East Tor discovery well 2/5-3 was drilled in 1972 on the crest of a salt induced anticline. The well encountered oil in both the Tor and Ekofisk formations which were both successfully tested, with 43° API oil quality at 4,525 bopd from the Tor formation and also 4,281 bopd from a separate test in the Ekofisk formation.
In November 2015 the Company increased its equity interest in this licence, which contains the South East Tor discovery, by acquiring a 75% interest from Lundin taking Faroe’s stake to 85% with operatorship.
Work is ongoing to firm up already discovered volumes in SE Tor along with new potential prospect volumes in the license. The feasibility of several different scenarios is under review and another appraisal well would be required to confirm volume potential along with a full scale DST production test to confirm productivity of the fractured chalk.
In addition a joint development with other stranded oil and gas accumulations in the area will be evaluated.