ABERDEEN, UK – Faroe Petroleum reports that drilling has reached target depth on the Centrica-operated Butch South West exploration well 8/10-6S, which follows up the Butch East well and the Butch Main discovery (Faroe 15%).
The Butch South West exploration well 8/10-6S spudded in early June 2014 and reached TD of 1,945 m (6,381 ft) in the Permian Zechstein salt formation. The well targeted sandstones of the Upper Jurassic reservoir of the Ula formation, and, while a good-quality reservoir was confirmed with a 55-m (180-ft) gross section, no hydrocarbons were encountered.
The Butch South West drilling operations were undertaken by Centrica (40%), using theMaersk Giant jackup drilling rig, together with the other joint venture partners Suncor Norge AS (30%) and Tullow Oil Norge AS (15%). Well 8/10-6S will now be P&A’d.
CEO Graham Stewart commented,“While it is disappointing that the eastern and south western flanks of the Butch salt structure have not added further resource, the focus of the joint venture is now turning to commercializing the Butch Main oil field. Plans to develop Butch Main are already advanced, and we look forward to reporting further progress on this important oil field in the coming months.”