Source - SMW
Faroe Petroleum announced that its Fogelberg appraisal well commenced drilling in the Norwegian Sea. 

'The appraisal well will be drilled with the Island Innovator semi-submersible drilling rig, and the joint venture partners are Spirit Energy Norge AS (operator 51.7%) and PGNiG Upstream Norway AS (20%),' Faroe Petroleum said. 

'The appraisal well will be drilled with the Island Innovator semi-submersible drilling rig, and the joint venture partners are Spirit Energy Norge AS (operator 51.7%) and PGNiG Upstream Norway AS (20%),' Faroe Petroleum said.

The main objectives of the appraisal well are to narrow this range in the reserves estimates and to provide additional information for development planning.

Graham Stewart, Chief Executive of Faroe Petroleum said: 'We are pleased to announce the spud of the Fogelberg appraisal well, which aims to derisk and prove up commercial volumes in the Fogelberg field ahead of any decision to develop the field.'

'Fogelberg was one of Faroe's earlier discoveries and has the potential to join a number of development and pre-development projects which are on track to significantly grow Faroe's production, cash flow and value in the coming years.'    "Looking ahead to Faroe's 2018 exploration programme, we continue drilling on the Iris/Hades exploration well in the Norwegian Sea, before drilling the Rugne and Cassidy prospects later in the year.'
 





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