By Alex MacDonald

LONDON--North Sea-focused oil and gas explorer Faroe Petroleum PLC (FPM.LN) said Tuesday that drilling has started at its 7.5%-owned Njord North Flank-2 well in the Norwegian North Sea.

The well, which is located in Licence PL107C immediately north of the Faroe's 7.5%-owned Njord field, will target the middle and lower jurassic sandstone reservoirs of the Ile and Tilje formations.

The well is operated by Statoil ASA (STO), which owns a 20% stake, while France's Engie S.A. (ENGI.FR) owns a 40% stake, DEA E&P Norge AS has a 30% stake and VNG Norge AS holds a 2.5% stake.

-Write to Alex MacDonald at alex.macdonald@wsj.com

(END) Dow Jones Newswires

August 16, 2016 02:48 ET (06:48 GMT)