Found up to 50MMboe

Found up to 50MMboe

Faroe has made another discovery. This time in the UK sector in the Eocene Frigg Fm.

Faroe Petroleum has made a significant discovery adjacent to infrastructure on the UKCS, according to a press release.

According to the operator, Azinor Catalyst, recoverable resources in Agar is estimated to between 15 and 50 mmboe.

The reservoir, the Frigg formation of early Eocene age, encountered 20 metres gross hydrocarbon-bearing reservoir section with excellent reservoir quality and high net to gross ratio.

Agar appraisal

The initial wellbore of the exploration well 09/14a-17B targeted the Plantain prospect and was drilled to a total depth of 2,254 metres MD. The well encountered a thin oil column in a high quality sandstone reservoir. Based on this promising result, the partnership elected to drill a sidetrack 09/14a-17BZ up-dip to appraise the 2014 Agar oil discovery.

The Agar sidetrack successfully encountered the Upper Frigg Formation at 1,763 metres MD and penetrated a gross reservoir zone of 20 metres, with a high net to gross ratio confirmed by log and pressure analysis, and an average porosity of approximately 30%.
No oil-water contact was observed in the well.

Plantain discovery

In the Plantain prospect, at a depth of 2,066 metres MD, the well encountered approximately 27 metres TVD of high quality net reservoir sandstones of the Eocene Lower Frigg Formation. Logging-while-drilling and pressure analysis indicates a thin net oil pay zone with a significant underlying zone of residual hydrocarbons.

Plantain is an Eocene oil prospect which follows on from the original Agar oil discovery made in 2014 (9/14a-15A) and the analogous Frosk oil discovery (24/9-12 S) made in Norway by AkerBP earlier this year. Operator volumes in Agar and Plantain have been estimated by Azinor Catalyst at a combined mid-case resource of 60 million barrels of oil equivalent, with an upside case of 98 million barrels of oil equivalent.

Fant olje i injektitter

Close proximity to production infrastructure

The Agar/Plantain discovery is located approximately 12 kilometres from the Apache-operated Beryl Bravo facility to the south west, and the Alvheim FPSO is located approximately 14 kilometres to the southeast. These facilities both offer potential for development of the Agar discovery.