Faroe Petroleum Says Drilling Starts At Norwegian Sea Portrush Well
August 26 2015 - 2:49AM
Dow Jones News
By Alex MacDonald
LONDON--Faroe Petroleum PLC (FPM.LN) said Wednesday that
drilling has started at the Portrush exploration well in the
Norwegian North Sea.
The well, which is 20% owned by Faroe, is located 10 kilometers
south east of the producing Statoil-operated Njord field, in which
Faroe has a 7.5% stake and 20km west of the Royal Dutch Shell
PLC-operated Draugen field.
AS Norske Shell is the well operator with a 40% stake. VNG Norge
AS and Petoro AS both have a 20% stake.
The company also said it will announce the drilling results from
the Boomerang well in Norway when drilling completes in
September.
Write to Alex MacDonald at alex.macdonald@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
August 26, 2015 02:34 ET (06:34 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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